Picture of two heads

Open Access research that challenges the mind...

The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

Discover more...

Pension reform in the UK: re-casting the public/private mix in pension provision 1997-2000

Fawcett, Helen (2002) Pension reform in the UK: re-casting the public/private mix in pension provision 1997-2000. In: European Consortium for Political Research. Workshop 21: The Politics of Pension Reform. European Consortium for Political Research (21). European Consortium for Political Research, Turin, Italy.

[img]
Preview
PDF (strathprints001791.pdf)
strathprints001791.pdf

Download (103kB) | Preview

Abstract

The UK is one of the few countries in Europe that is not facing a serious pension crisis. The reasons for this are straight forward: state pensions (both in terms of replacement ratio and as a proportion of average earnings) are among the lowest in Europe, the UK has a long-standing funded private pension sector ... and its governments have, since the beginning of the 1980s, taken measures to prevent a pension crisis developing. These measures have involved making systematic cuts in unfunded state pension provisions and increasingly transferring the burden of providing pensions to the funded private sector, principally on a defined contribution basis.