Pension System in the United Kingdom
Insufficient funds call for reforms
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The United Kingdom has one of the most complex pension systems in the continent. While it allows several options when choosing the retirement plan, a big part of today's working population is worried whether its funds and savings will actually be sufficient. The overall aging of society has put a huge pressure on the country's social welfare budget, and experts point out that sharp and decisive reforms might soon be the only way how to prevent the system from drying out. Dealing with issues like the guaranteed minimum pension or pension credits will require strong political determination. In o...
The United Kingdom has one of the most complex pension systems in the continent. While it allows several options when choosing the retirement plan, a big part of today's working population is worried whether its funds and savings will actually be sufficient. The overall aging of society has put a huge pressure on the country's social welfare budget, and experts point out that sharp and decisive reforms might soon be the only way how to prevent the system from drying out. Dealing with issues like the guaranteed minimum pension or pension credits will require strong political determination. In order to find out more about the pension system in United Kingdom, its divisions and main regulating bodies read this book.
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