Work and Pensions - Third Report
Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 2 April 2003.
CONTENTS
Terms of Reference
REPORT
SUMMARY
INTRODUCTION
Is there a pension crisis?
OUR INQUIRY
BACKGROUND
CURRENT STRENGTHS AND WEAKNESSES
Strategic strengths
Reasonably high average income
Reasonably wide coverage
Relatively affordable over the medium term
Strategic weaknesses
Pensioner poverty
Excessive complexity
Lack of understanding
Disincentives
The distribution of tax relief
Lack of clear vision
State Pensions
Private pensions
Switch from Defined Benefit to Defined Contribution
schemes
Employer contributions
Transfer of risk
Savings Gap
Pensions Education
Individual Statements of Projected Benefits
Active Ageing
CHALLENGES AND THE GOVERNMENT'S RESPONSE
The Government's response to problems
PENSION CHOICES
Options for reforming state pensions
Raising the state pension age
Abolishing contracted out National Insurance
rebates
Raising more National Insurance or tax revenue
The Swedish Option
Funding part of the state pension
Retail (Insurance Company Products)
Further Compulsion?
Security
Improve the regulatory landscape
PRE-LEGISLATIVE SCRUTINY OF DRAFT PENSIONS
BILL
Other Issues
Overall Conclusion
LIST OF CONCLUSIONS AND RECOMMENDATIONS
ANNEX A
ANNEX B
ANNEX C
PROCEEDINGS OF THE COMMITTEE RELATING TO
THE REPORT
LIST OF WITNESSES
MINUTES OF EVIDENCE
Wednesday
6 November 2002
Wednesday
20 November 2002
Wednesday
27 November 2002
Wednesday
4 December 2002
Wednesday 15 January 2003
Wednesday 22 January 2003
Wednesday 29 January 2003
LIST OF MEMORANDA INCLUDED IN THE MINUTES
OF EVIDENCE
LIST OF APPENDICES TO THE MINUTES OF EVIDENCE
APPENDICES
LIST OF MEMORANDA REPORTED TO THE HOUSE BUT
NOT PUBLISHED
LIST OF REPORTS PUBLISHED BY THE WORK AND
PENSION COMMITTEE DURING THE 2001 PARLIAMENT
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