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Ten Pensions choices for the 21st century: meeting the challenges of an ageing society

  • Jane Falkingham and Katherine Rake

Abstract

This chapter discusses the challenges faced by policymakers at the start of the 21st century. These challenges have arisen from the economic, demographic, and policy legacy of the previous century. The discussion provides a number of criteria that are believed to be necessary for a sustainable and effective pension system. Using these criteria, it evaluates New Labour’s pension settlement for 1998. Finally, it considers an alternative option for pension provision.

Abstract

This chapter discusses the challenges faced by policymakers at the start of the 21st century. These challenges have arisen from the economic, demographic, and policy legacy of the previous century. The discussion provides a number of criteria that are believed to be necessary for a sustainable and effective pension system. Using these criteria, it evaluates New Labour’s pension settlement for 1998. Finally, it considers an alternative option for pension provision.

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