State pensions

State pensions

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State pensions

Showing 41 – 60 of 101 results

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A decade of cross-party increases in the state pension age

Report

This briefing note describes the state pension age increases that have been legislated by various governments in recent decades, and discusses how they relate to improvements in life expectancies and how spending on state pensions is projected to evolve as a result.

15 November 2019

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Pension Awareness Day 2019

Comment

This coming Sunday is Pensions Awareness Day – an initiative to raise awareness of retirement planning.

13 September 2019

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We ought to worry too about those just under the pension age

Comment

This weekend the state pension age, for both men and women, rose to 65 years and five months. It will continue to rise every couple of months until it reaches 66 in October next year. Further increases to 67 in 2028 and to 68 a decade or so after that are planned. These increases are the obvious, if belated, response to a sharp growth in life span.

8 July 2019

Person counting coins

Changes to pension credit rules for 'mixed age couples' mean a large number have to wait many years before they can claim

Comment

This weekend, on Saturday 6th July, the state pension age rises again, to 65 and 5 months. Naturally, this means that some will have to wait longer to receive their state pension. But it also means that some with low incomes must wait longer to receive ‘Pension Credit’ – a means-tested benefit that aims to provide pensioners with a ‘minimum income’.

4 July 2019

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Pensions for almost all: automatic enrolment for employees of small employers

Comment

Automatic enrolment is a key government policy to help employees save privately for their retirement. We find that it substantially increased workplace pension participation among those working for small employers by around 45 percentage points to reach 70% of targeted employees – with most, but not all, brought in at relatively low rates of pension saving.

26 March 2019

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Retiring at 65 no more? The increase in the state pension age to 66 for men and women

Comment

On 6 March the state pension age for men and women reaches 65 and 3 months. As well as reducing government spending the increases in the female state pension age since 2010 have led to some – but not most – remaining in paid work for longer. Here we provide more detail on what the impact of the rising state pension age is likely to be.

5 March 2019

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Long-run Trends in the Economic Activity of Older People in the UK

Working Paper

We document employment rates of older men and women in the UK over the last forty years. In both cases growth in employment since the mid 1990s has been stronger than for younger age groups. On average, older men are still less likely to be in work than they were in the mid 1970s although this is not true for those with low education. We highlight issues with using years of schooling as a measure of educational achievement for analysing labour market trends at older ages, not least because a large proportion of men who left school at young ages without any formal qualifications, have subsequently acquired some.

28 November 2018

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State pension age increases and the circumstances of older women

Book Chapter
The state pension age (SPA) – the earliest age at which someone in the UK can claim a state pension – has been rising in recent years. Between April 2010 and November 2018, the SPA for women has gradually increased from 60 to 65. In this chapter, we examine how the circumstances of women in their early 60s – in particular, their employment, incomes, activities, health and well-being – have been affected by this increase.

31 October 2018