The implications of the `New Insurance Contract' for UK pension provision: rights, responsibilities and risks

摘要: The government, in its 1998 pensions Green Paper, has set out to establish a `New Insurance Contract'. It promises security retirement for those who cannot afford provide themselves and strengthened private framework can. In return, it expects individuals, wherever possible, their own retirement. This article argues that the promised amounts little more than greater means testing complexity, government's `strengthening' of actually results risk being transferred individual savers. government recognizes some problems this approach creates, but attempts remedy them are not very credible. Nevertheless, will continue on path because determination reduce state's role pension provision. suggests Contract' is one savers do fully understand may ultimately reject.