Pension Policy International (14.07.2022) The calls come as the government publishes its response to a consultation which gathered feedback from industry, potential providers, consumer groups and future users on what data should be included and how this should be displayed to people. Bringing pensions into the digital age, dashboards will allow savers to see what they have in their various pensions – including their State Pension – in a single place online, at any time they choose.
Money Marketing (30.03.2022) Flexi-retirement is becoming increasingly common, as more and more retirees are opting to work part-time in the gig economy. According to a new report from Abrdn, two thirds of people retiring in 2022 do not plan on giving up work completely. This compares to just over half of those who retired in 2021 and a third of 2020 retirees. The report, which surveyed 2,000 UK adults, reveals how the “class of 2022” plan to spend their and money in retirement.
Pensions Age Magazine (24.03.22) More than a third (37 per cent) of people would be willing to accept some reduction in their pension savings if their investments were made more ethically, a study by the High Pay Centre and Survation has found. Of those surveyed, two-thirds (66 per cent) said that they wanted their pension fund to reflect their ethical values and beliefs.
Lexology (17.03.2022) Establishing a system of “pension dashboards” to enable individuals who have yet to take retirement benefits to find clear, standardised information about all their pension arrangements (including rights to state pension) in one place is a key element of the government’s pension strategy. The ambition is laudable but achieving it will be a mammoth task, requiring significant time and resource from occupational pension scheme trustees, pension managers and administrators.
lse.ac.uk (25.01.2022) The concept of a universal basic income has received increased attention since the start of the Covid-19 pandemic. But what do the public think about the proposal? Drawing on a new study, Leire Rincón illustrates that a key factor affecting support for a universal basic income is the way it is funded, with more people likely to back the policy if it is funded by increasing taxes for those on higher incomes.
economy2030 (january 2022) The UK is facing a decade of unprecedented economic change as we adjust to a post-Covid-19 economy, a new economic context outside the European Union (EU), and the decarbonisation of the economy. And the social security system has a key role to play in the years ahead: it is part of the policy toolkit for helping individuals and the economy as a whole deal with a period of enhanced labour market change, but it also needs to address the legacy problems of slow growth in living standards and high inequality.
ideas.repec.org (2021) This paper examines North–South linkages in the politics of contemporary food assistance and social welfare, and in particular the normalisation of poverty and humanitarian crisis caused by increased digitalisation, privatisation and individualisation of aid or welfare. Migrants and displaced populations are considered as extreme cases and we examine how these policies and practices are leading to the growth of a global precariat who are constantly on the edge of survival (or death).
The government’s COVID Local Support Grant, first introduced in December 2020, has been extended through to September bringing it in line with the end date for furlough and other COVID-related support. This is beyond the planned ending of restrictions, to help families get back on their feet as the economy recovers and the vaccine rollout continues.
BBC News (22.07.2021) The rollout of a benefit aimed at tackling child poverty in Scotland could be in jeopardy unless eligible families can be identified, according to a House of Commons committee.
BBC News (09.03.2021) The £20 weekly increase in Universal Credit must be extended for at least a year to avoid impoverishing hundreds of thousands of people, MPs have warned. The measure, which has been called a lifeline for struggling families, is in place until the end of March.