The populist case for fixing the pension system
From our UK edition
Pensions rarely top the Westminster agenda or get politicians excited. Too boring, too distant. But maybe, just maybe, pensions will soon become political. There is a growing consensus among pensions policymakers and industry insiders: if we want future generations to retire with a bit of security and comfort, contributions into defined contribution (DC) pensions must rise. That means workers will need to put in more – and so will their employers. So soon the government will take the next sensible steps on this sensible journey, with its ongoing Pensions Review starting to focus on ‘adequacy’, technocrat-speak for saving enough to retire on. The world of pensions policy is a small, pleasant one.