The UK has had a universal State Pension since the Old-Age Pension of 1909. This has evolved over more than a century, but for much of this time, the affordability of the UK State Pension has been an issue. And for some years, the most visible answer to this issue has...
The UK has had a universal State Pension since the Old-Age Pension of 1909. This has evolved over more than a century, but for much of this time, the affordability of the UK State Pension has been an issue. And for some years, the most visible answer to this issue has...
This week I published a paper looking at the history – and future – of the UK State Pension. I came to the conclusion that to keep this benefit affordable, some means testing would ultimately be necessary. This conclusion was controversial, but I still...
An actuarial professor has advocated means testing as a a way of keeping the state pension age at 65 for both men and women. In ‘Surfing the Tsunami: A plan for state pension reform’, Paul Sweeting, Professor of Actuarial Science at Kent University, said...
Means testing of the UK state pension for better-off pensioners will be necessary to keep the pension affordable for future generations and fair for the poor, according to a study. Analysis from the University of Kent suggested state pension payments should be limited...
