Conventional wisdom and most national statistics have long treated the productivity of the government services sector as entirely flat. Only a tiny literature considers what actually happened to productivity at the organizational level. Drawing on their pioneering book, Patrick Dunleavy and Leandro Carrera argue that we need to radically rethink our attitudes. We should begin adjusting to a public sector […]
Evidence from New Zealand suggests that the government’s plan for auto-enrolment into workplace pensions may substantially affect participation rates and total savings.
As the government plans to unroll its automatic enrolment in workplace pensions, Leandro Carrera argues that while the legislation is likely to increase the number of savers, policy design and evidence from New Zealand shows that uncertainty about the future and increased costs for employers could paint a more complex picture on the future of pensions. In a recent inquiry, […]
Last week Lord Hutton set out proposals for public sector pension reform, which were mostly slammed by unions and the media for proposing that public servants work longer and pay more to get less from their pensions. Looking beyond the hype and the headlines, Leandro Carrera examines the key recommendations of the report and clears up the confusion about the […]
High fees in UK pension plans can cost thousands: we need to look to Europe to find better ways of managing pensions
In previous posts we have highlighted how pension systems must be adapted to the fact that we are living longer, and one of the most common recommendations is to incentivise people to save in personal private pensions. Leandro Carrera investigates how high fees in pension plans can significantly reduce final pensions, and what the UK can learn from other […]
Leandro Carrera explains how the government measures will have a significant impact in our pension system and why further changes may be expected.
The government spending review contains many measures that will affect current and future retirees significantly. The most important change is that the State Pension Age (SPA) will increase to 66 for both men and women by […]
There are significant changes to the welfare system now on the cards from the new coalition government, and the pension system is not exempt. Leandro Carrera examines these changes in detail and looks at how the state and public sector pensions might be affected in the years to come.
Last Thursday, the government announced plans to scrap the default retirement […]