Abstract:
This report makes the case for a new review of the pension system in the UK. There are a number of key challenges facing future generations of pensioners that threaten their living standards in retirement and which, without policy action, mean many are likely to face substantial financial difficulties in older age. This is the first report of a multi-year project that will produce the highest-quality evidence regarding the future of financial security in retirement. The launch of our final report, which will include specific policy recommendations and options, is planned for early Summer 2025.
Subjects:
Employment and income
Savings, pensions and wealth
Taxes and benefits
The pensions review
Ageing
Benefits
Employment
Government spending
Housing
Inequality
Labour supply and workforce
Living standards
Pensioner benefits
Poverty
Private pensions
Public finance
Retirement
Savings