The current generation of pensioners has, in general, been better served by the UK's mix of state and private pension provision than earlier generations were. Pensioners today have disposable incomes - once you take account of housing costs and children - that on average are similar to those...

The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place since 2011 (except for a one-year temporary suspension in 2022), under the triple lock the state pension rises in line with the highest of CPI inflation, average earnings growth...

The current generation of pensioners has, in general, been better served by the UK's mix of state and private pension provision than earlier generations were. Pensioners today have disposable incomes - once you take account of housing costs and children - that on average are similar to those...

"Most state and local retirement plans strive for full funding, at least by actuarial standards. Funding measured at market values fluctuates and often falls short. A common argument for full funding is that pensions are a form of deferred compensation that does not justify a debt. The paper...