Sir William Beveridge in his famous report wanted to eliminate the five giants of want, squalor, idleness, ignorance and disease: the giants of too little. However, the problems facing welfare states are more the giants of too much: the giants of excess. For health in particular, excessive...

The paper outlines the recommendations of the UK Pensions Commission, and the data and analysis on which they were based, including projections of demographic change, trends in private pension saving and evolution of the State pension system. The Commission concluded that, without reform,...