United Kingdom - Pension System Overview
Country Profile (pdf)
- Auto-enrolment opt-out rates as low as 5% indicate inertia success, www.pensionsweek.com, February 2013
IFS Report - Expectations and experience of retirement in Defined Contribution pensions: a study of older people in England, IFS, November 2012
- Occupational pension scheme governance, A report on the 2012 (6th) scheme governance survey, The Pensions Regulator, May 2012;
- A fuller picture of the UK’s funded and unfunded pension obligations, Office for National Statistics, April 2012;
- Delivering a twin peaks regulatory model within the FSA, FSA, February 2012;
- Financial Conduct Authority (FCA) supervision, FSA, January 2012;
- Pension Trends 2012 - links to all chapters (Pdf 17Kb), Office for National Statistics, 2012
- DC trust: a presentation of scheme return data, The Pensions Regulator, November 2011;
- Perceptions of income requirements in retirement, Mehul Kotecha, Natalie Maplethorpe, Sue Arthur, Naomi Stoll, Rosie Green, Natasha Wood and David Hussey, September 2011;
- An assessment of the Government's options for state pension reform, Pensions Policy Institute, June 2011;
- Guidance for offering a default option for defined contribution automatic enrolment pension schemes, Department for Work and Pensions, May 2011;
- The Purple Book, The Pensions Regulator (2011) ;
- Ending Compulsory Annuitisation, Quantifying the consequences, A Pensions Institute Report for policymakers, financial advisers and pension scheme members, David Blake, Edmund Cannon, Ian Tonks, September 2010;
- Ending Compulsory Annuitisation, What are the consequences, A Pensions Institute Report for policymakers, financial advisers and pension scheme members, David Blake, Edmund Cannon, Ian Tonks, July 2010;
- The Pensions Policy Institute has launched a section on its web-site, the PPI Pensions Primer, dedicated to inform public on the UK pension framework, pensions policy work and future legislative changes to the retirement system in UK;
- Good Practices When Choosing Assumptions for DB Pension Schemes with a Special Focus on Mortality
- Personal Accounts: A New Way to Save, DWP (2006) ;
- Defined contribution: 6 principles for good design and governance;
The Pensions Regulator has invited the pensions sector to take part in a dialogue on 6 principles for good design and governance of workplace defined contribution (DC) pension provision, which will form the basis of its regulatory approach going forward.
Publication of the high-level principles is the next step in the regulator’s ongoing engagement with the pensions sector to improve standards of DC provision and ensure that the pensions sector is ready to support automatic enrolment.
The 6 principles span the lifecycle of a DC scheme from the design and set-up phases through to the ongoing management - including monitoring of scheme governance, accountability, scheme administration and communications with members.
To review the 6 principles, visit The Pension Regulators website.
IOPS Principles of Private Pension Supervision
IOPS Tookit on Risk-based Supervision: Module 3: Risk Identification