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

Helen Fawcett

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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.
Original languageEnglish
Title of host publicationEuropean Consortium for Political Research. Workshop 21: The Politics of Pension Reform
Place of PublicationTurin, Italy
Edition21
Publication statusPublished - 2002

Publication series

NameEuropean Consortium for Political Research
PublisherEuropean Consortium for Political Research

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Keywords

  • pensions
  • welfare state
  • United Kingdom

Cite this

Fawcett, H. (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 (21 ed.). (European Consortium for Political Research). Turin, Italy.