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Pension reform in the United Kingdom: an economic perspective


External Authors

Disney, R
Related Themes
Labour, Employment and WagesJEL Code
H55, J32, G22
Journal
National Institute Economic Review
Publisher
Sage Publications, London
External Resources
Issue
237
This paper considers the evolution of the UK’s pension programme in the light of various stated rationales for public intervention. It argues that the publicly-provided (tax-financed) pension programme has gone through four distinct stages since 1946. It examines some of the issues that have arisen in the context of private pension provision in the UK, both in the form of so-called ‘defined benefit’ and ‘defined contribution’ pension plans, as well as individual purchases of annuities.
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