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Pensions research and LSE

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The UK's Pensions Commission published its second report on Wednesday 30 November.

LSE visiting professor Lord Turner|, an associate of the Centre for Economic Policy Committee, chaired the Commission.

Professor John Hills|, director of the Centre for Analysis of Social Exclusion and a professor of social policy, was one of the other two members of the Pensions Commission, alongside Jeannie Drake, deputy general secretary for the Communication Workers Union.


Adair Turner will be giving a public lecture at LSE on the report on Wednesday 1 February in the Hong Kong Theatre, Clement House

This forms part of the ongoing pensions research work at LSE, taking place within

LSE governor Ros Altmann has also been contributing to the public debate about future pension provision, see press cuttings below.

Press cuttings

BBC Radio 4
Pensions special programme (1 Dec 05)
Adair Turner's statement on the report can be downloaded from here. A BBC Radio 4 special programme will be broadcast on Thursday 1 December at 1204 GMT, with listeners putting questions to Lord Turner

Financial Times
Insurers likely to be frozen out unless products delivered at cheap enough price (1 Dec 05)
Lord Turner yesterday said the savings industry could not deliver cheap enough products and signalled that insurers were likely to be moved out of his proposed new national pension scheme. John Hills, professor of social policy at LSE and a member of the Pensions Commission, estimated that at this level of charge, an individual would have a pension 25 to 30 per cent higher than at the annual charges of 1.3 per cent typical for personal pensions.

Little relief for those who provided a world-beater (1 Dec 05)
With regard to the future of the pension system in Britain, Lord Turner has envisaged in his plan little relief for the providers of some of the most generous retirement benefits - the employers. Ros Altmann, a pensions specialist who has advised the prime minister and chancellor on policy, says the Pensions Commission report does not go far enough towards what she feels is a more pressing need than simply overhauling state pensions.

Pensions chief delivers his cure: work longer, pay more (31 Dec 05) 

Pension reforms involve difficult choices, says report (30 Nov 05)
There are 'significant problems' in the current pensions system which require a new settlement, the Pensions Commission said in its 460-page report. The Commission - made up of Lord Turner, Jeannie Drake, deputy general secretary of the Communication Workers Union and John Hills, professor based at LSE, said its recommendations on the thrust of pension policy reform were clear.

The Times
Women are winners in the pensions shake up (30 Nov 05)

Work till you drop and pay more for the privilege (30 Nov 05)

Financial Times
Cost fears over Turner pensions report (30 Nov 05)

BBC Online
State pension age 'to rise to 68'

New York Times
British Panel Urges Retiring Later and Private Investment Accounts

1 December 2005