Parliamentary Debates (Hansard).
Author : Great Britain. Parliament. House of Commons
Publisher :
Page : 1042 pages
File Size : 12,93 MB
Release : 1993
Category : Great Britain
ISBN :
Author : Great Britain. Parliament. House of Commons
Publisher :
Page : 1042 pages
File Size : 12,93 MB
Release : 1993
Category : Great Britain
ISBN :
Author : Great Britain: Department for Work and Pensions
Publisher : The Stationery Office
Page : 214 pages
File Size : 30,98 MB
Release : 2010-10-27
Category : Business & Economics
ISBN : 9780101795425
Current policy is that new duties will be staged in between 2012 and 2016, requiring all employers to designate a pension scheme into which all of their employees, aged between 22 and state pension age, should be automatically enrolled, so long as they are earning above an annual earnings threshold (the Pensions Act 2008 sets this at £5,035, equivalent to £5,732 in today's terms). Upon automatic enrolment, a minimum of eight per cent of earnings within a band would be contributed to the pension, with at least three per cent coming from the employer. This policy is designed to maximise private pension saving by individuals without imposing compulsion. The right to opt out will remain. This review looks at the scope of automatic enrolment and whether a new national pension scheme (National Employment Savings Trust or NEST) needs to be put in place for it to work. One of the most significant recommendations that it makes is that people should only be automatically enrolled once they reach the income tax threshold (which will increase to £7.475 in 2011) but that contributions should be on earnings in excess of the National Insurance earnings threshold (£5,715 in today's prices). There should be no changes to age thresholds and automatic enrolment duties should apply to all employers, regardless of size, as now. Employers should be given three months before auto-enrolment to ease the burden on companies. If staff choose to enrol before the three month period then companies will have to make contributions
Author : Robert Holzmann
Publisher : World Bank Publications
Page : 692 pages
File Size : 46,19 MB
Release : 2006
Category : Business & Economics
ISBN : 082136166X
This book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.
Author : Frank Field
Publisher :
Page : 148 pages
File Size : 37,23 MB
Release : 2002
Category : Business & Economics
ISBN :
Author : Oecd
Publisher :
Page : 208 pages
File Size : 35,80 MB
Release : 2020-12-07
Category :
ISBN : 9789264633452
The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems. It considers how to ensure that policy makers balance the trade-off between the short-term and long-term consequences of policy responses to COVID-19; how to determine and assess the adequacy of retirement income; how funded pension arrangements can support individuals in non-standard forms of work to save for retirement; how to select default investment strategies; how to address the potential negative consequences from frequent switching of investment strategies; and, how retirement income arrangements can share both the investment and longevity risks among different stakeholders in a sustainable manner. This edition also discusses how governments can communicate in a way that helps people choose their optimal investment strategies.
Author : Great Britain: H.M. Treasury
Publisher : The Stationery Office
Page : 56 pages
File Size : 42,5 MB
Release : 2014-03-19
Category : Political Science
ISBN : 9780101883528
This consultation form a key part of a wider set of reforms announced at Budget 2014. The government is keen to ensure that individuals who want to save are supported in doing so. The nature of retirement is changing as people are living longer and their needs more varied. In this Government's view the State should not be imposing restrictions on individuals who have made tough choices to save for the future. So from next year there will be no restrictions on people's ability to draw down from their defined contribution pension pots after age 55. The tax rules will be drastically simplified to give flexible access to pension savings. Consumers will therefore also need to be well informed to make their choices and the Government will introduce a new duty on pension providers and schemes to deliver a 'guidance guarantee' by April 2015. They will also make available a £20 million development fund to get the initiative up and running
Author : Pensions Commission
Publisher : The Stationery Office
Page : 234 pages
File Size : 26,34 MB
Release : 2004
Category : Business & Economics
ISBN : 9780117027817
This pack sets out the first report by the Pensions Commission, an independent body established by the Government (following the publication of the Pensions Green Paper ("Simplicity, security and choice: working and saving for retirement", Cm 5677, ISBN 0101567723) in December 2002) in order to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes. This report sets out the Commissions detailed analysis of the current situation and trends in place, challenges identified and options for policy responses; and seeks to stimulate a structured, comprehensive fact-based debate about the problems facing Britains pension system which can contribute to the development of a sustainable pensions policy. The pack contains the main report, appendices and executive summary documents. (The main report (ISBN 0117027804) and the free executive summary (ISBN 0117027820) are available separately). The Commissions second report is planned for Autumn 2005, and this will include specific policy recommendations, following a public consultation period to the end of January 2005. However, the report does make recommendations relating to improvements in official data sources, which are discussed in an appendix and listed at the end of the main report.
Author : Great Britain: Parliamentary and Health Service Ombudsman
Publisher : The Stationery Office
Page : 264 pages
File Size : 42,99 MB
Release : 2006-03-14
Category : Business & Economics
ISBN : 9780102937343
This report sets out the results of the Ombudsman's investigation into over 200 complaints about the security of final salary occupational pension schemes and alleged delays in the winding-up of certain such schemes, and the involvement of public bodies in this matter. Chapter 1 explains the Ombudsman's role and jurisdiction and the background to the investigation. Chapter 2 details the complaints, and the Government's initial response; chapter 3 sets out the results of further enquiries to help understand the context of the complaints. The fourth chapter provides the evidence that the investigation has disclosed through consideration of departmental files, official publications and other documentary sources. Chapters 5 and 6 contain the findings and the recommendations. The seventh chapter gives the Ombudsman's assessment of the Government response (appendix D) to the report, and the final chapter is the Ombudsman's conclusion. The Ombudsman makes three findings of maladministration by public bodies: (i) official information about the security that members of final salary schemes could expect from the minimum funding requirement (MFR) was sometimes inaccurate, often incomplete, largely inconsistent and therefore potentially misleading; (ii) the response by DWP to the actuarial profession's recommendation that disclosure should be made to pension scheme members of the risks of wind-up and the risks to accrued pension rights; (iii) the decision in 2002 by DWP to approve a change to the MFR basis. This maladministration was a significant contributory factor in the creation of the financial losses suffered by individuals, amounting to injustice. Recommendations include restoration of the core pension and non-core benefits and some consolatory payments to those fully covered by the recommendations, an apology to scheme trustees for the effects of the maladministration, and a review with the pensions industry to improve the time taken to wind up schemes. The Government, however, is minded not to comply with all of the recommendations, and so the Ombudsman reports to both Houses of Parliament that she has identified injustice caused by maladministration which the Government does not propose to remedy.
Author : William C. Hsiao
Publisher : World Bank Publications
Page : 196 pages
File Size : 48,46 MB
Release : 2007
Category : Business & Economics
ISBN :
Specialist groups have often advised health ministers and other decision makers in developing countries on the use of social health insurance (SHI) as a way of mobilizing revenue for health, reforming health sector performance, and providing universal coverage. This book reviews the specific design and implementation challenges facing SHI in low- and middle-income countries and presents case studies on Ghana, Kenya, Philippines, Colombia, and Thailand.
Author : International Accounting Standards Board
Publisher :
Page : 46 pages
File Size : 40,45 MB
Release : 2004
Category : Business insurance
ISBN : 9781904230496