Creating a Sustainable Pensions System - Theoretical Idea or Practical Solution?

The pensions system in the UK and many other countries was set up at a time when expectations over life expectancy, investment returns, inflation and general views on government and companies were all vastly different from where we are today. Adjustments over time go some way to address these changes but generally have other unintended consequences and our current system is unlikely where we would have ended up if we had designed something holistic from scratch.

One of the themes for the Frank Redington Prizes is “What would be a sustainable and effective UK pension system for the people?” and this webinar will explore some of the themes around this question. Topics covered include: What could a pension system look like if there was an opportunity to start from scratch for the future?

What can be done with what is already there, and how would any radical changes address the question of intergenerational fairness? What should the role of the state and the private sector be, and what is required to find the political consensus to make changes? What are the opportunities for wider society, providing sustainability to more than just pensions alone?