Public policy and retirement saving incentives in the UK

摘要: With ageing populations, OECD governments are searching for policies to increase retirement incomes. The UK government has introduced a series of policies, including the introduction Personal Pensions from April 1988, Stakeholder 2001, and planned National Saving Scheme (NPSS), designed encourage individuals save in accounts rather than relying on state provision social security old age. These changes have been accompanied by tax treatment private pensions. Arguably, frequency complexity these reforms heightens difficulties that households face implementing consistent lifetime saving strategies. We examine some reform episodes order discover how responded given micro-incentives implied this sequence – particular those arising Pensions.