Hostname: page-component-cd9895bd7-hc48f Total loading time: 0 Render date: 2024-12-23T13:24:55.384Z Has data issue: false hasContentIssue false

Topical Pension Problems (A Personal Overview)

Published online by Cambridge University Press:  11 August 2014

Get access

Extract

Much discussion is taking place currently in the United Kingdom on the subject of pensions. Conferences and symposia have been conducted at various times on many aspects of pensions by such diverse bodies as the Policy Studies Institute (1), the Institute of Fiscal Studies (2), the Trades Union Congress (3), the Pensions Management Institute, the Confederation of British Industry, the National Association of Pension Funds and even our own Institute (4) (in the case of our Institute, on the whole field).

The Government announced an all-embracing enquiry on 16 December 1983. This has been divided into separate parts. Evidence for the first part concerned with ‘portable pensions’ was required by 31 January 1984. Despite the very tight deadline, written evidence was obtained from over 1,500 different sources. This serves to show just how much interest was currently being aroused. The final results of the full Government enquiry are not yet available (September 1984). The unprecedented speed with which the Government has proceeded demonstrates the importance that it attaches to the issues raised, and suggests that any prompted legislation will be given a degree of priority.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1985

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

(1) Policy Studies Institute Symposium, held on 8 and 9 December 1981.Google Scholar
(2) Conference on the Costs of the Earnings-related State Pension Scheme, 2 November 1981, held by the Institute of Fiscal Studies.Google Scholar
(3) Trades Union Congress, November 1982, Conference on Pension Fund Investment and Trusteeship.Google Scholar
(4) 5 October, 8 December, 9 November and 30 November 1983 respectively.Google Scholar
(5) ‘Privatizing Pensions.’ A report to the Secretary of State for Health and Social Security by the Adam Smith Institute. Restricted publication, 1983.Google Scholar
(6) Lyon, C. S. S. (1983) ‘Presidential Address: The Outlook for PensioningJ.I.A., 110, 1.Google Scholar
(7) Personal and Portable Pensions for All. A memorandum prepared by the Personal Capital Formation Study Group of the Centre for Policy Studies and published in April 1983 by CPS, 8 Wilfred Street, London SW1E.Google Scholar
(8) A Glossary for Pension Schemes. A PRAG/PMI publication.Google Scholar
(9) A special conference on 14 September 1983, on ’Early Leavers’, convened by the Rt Hon. Norman Fowler, MP, Secretary of State for Social Services.Google Scholar
(10) ‘Personal Pensions—A Consultative Document’ (1984). Issued directly from the DHSS.Google Scholar
(11) Lyon, C. S. S. (1970) ‘Discussion on National Superannuation and Social Insurance BillJ.I.A., 96, 163.Google Scholar
(12) Beveridge (1942) Report on Social Insurance and Allied Services. Cmnd 6405. HMSO Google Scholar
(13) Occupational Pension Schemes 1979: Sixth Survey by the Government Actuary. HMSO 1981.Google Scholar
(14) Minutes of Evidence on Age of Retirement to Social Services Comittee, given on 21 December 1981, Session 81/82. HMSO.Google Scholar
(15) The Report of the House of Commons Social Services Committe on Age of Retirement. House of Commons Paper 26-1, 24 November 1982. HMSO.Google Scholar
(16) Council Recommendation on the Principles of a Community Policy with Regard to Retirement Age. The Council of European Communities, 10 December 1982.Google Scholar
(17) Occupational Pensions Board (1981) Improved Protection for the Occupational Pension Rights and Expectations of Early Leavers. Cmnd. 8271, HMSO.Google Scholar
(18) Wilson, G. R. G. (1984) ‘Pensions and Benefits in a Reward StrategyJ.S.S., 27, 128.Google Scholar
(19) Manly, H. W. (1902) ‘On the valuation of Staff pension fundsJ.I.A., 36, 209.Google Scholar
(20) Report of the Committee to Review the Functioning of Institutions (Wilson Committee Report). Cmnd 7937. HMSO 1980.Google Scholar
(21) Wilkie, A. D. (1984) Personal Submission to Enquiry by DHSS into Provision for Retirement.Google Scholar
(22) Institute of Actuaries (1980) Formulae and Tables for Actuarial Examinations.Google Scholar
(23) Benjamin, B. (1979) ‘The Ageing Population—the Annual Woodhead Lecture for 1979.’ Unpublished.Google Scholar