Saving for retirement is fraught with risk and uncertainty. For those not privileged by participation in a defined benefit pension plan, the issue is made complex and problematic by the failure of inherited decision rules: the options available are variable in terms of their costs and possible...

This paper compares the current system of public sector pensions to a Madoff-style pyramid, now collapsing under the weight of insufficient contributions, rising longevity and an ageing workforce. Without reform, we are embarked upon a slippery slope to fiscal calamity. The state's capacity to...

The paper represents author’s research on efficiency on pension systems and effectiveness of state social care policies from the perspective of stability of life at the end of career ladder. It refers to the topic Work – Labor/Value, where former employees’ rights and the impact on...

Der Beitrag gibt einen kurzen Überblick über die Entwicklung der Alterssicherungssysteme in Großbritannien und Deutschland und zeigt den derzeitigen sozioökonomischen Status der älteren Menschen an. Ausgehend von einer sehr kurzen und nur die Grundkonzeption charakterisierenden Darstellung...

Fuelled by changes to UK pensions policy over the last decade, most notably automatic enrolment into workplace pensions, an increasing number of people save for their retirement in defined contribution pension pots. Due to the end of compulsory annuitisation in 2015, known as 'Pension Freedoms',...