We all need pensions – the prospect for pension provision

We all need pensions – the prospect for pension provision

Author: Tom Ross (1998)

Tom Ross
Principal & Actuary, Aon Consulting and Chairman of the Pension Provision Group
(From Issue 5,July 1998)

The report of the Pension Provision Group was published on 4 June and I was pleased with the general reception it got and with the extent of media attention it attracted, at least initially.

I say this without any hint of self-congratulation. Rather, I think it is absolutely vital that there is a better public understanding of the pensions issues we are facing in this country and a proper debate on the policy responses to these issues, when they eventually emerge in a Green Paper. With this objective in mind, we have tried to produce a report which is accessible and not too technical and which sets out clearly some home truths about our pensions system.  In this article, I will comment on some of our conclusions.

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