Pensions Reform

Factsheets and supporting material

This page contains some of the factsheets the Department has published to clarify and explain the reform proposals and some of the research undertaken to support these proposals.

Factsheets

Projections of entitlement to Income Related Benefits to 2050 (97KB) PDF

This factsheet presents updated projections of entitlement to Pension Credit and new projections of entitlement to Housing Benefit, Council Tax Benefit and any income related benefit under the reformed state pension system. It also describes the possible interaction between private pensions, after reform and entitlement to the income related benefits.

Pensions Reform factsheet (561KB)PDF

This factsheet sets out revised projections of spending on pension benefits, and estimates of pension income in the future under pension reform.  The revised figures take into account a number of changes including new economic assumptions, minor improvements in modelling, and they present the figures in 2007/8 prices and earnings terms.

State Pension Coverage: Lower Earnings Limit and multiple jobs (114KB) PDF

This factsheet presents analysis of the number of people who earn less than the Lower Earnings Limit in two jobs and are therefore not liable to pay National Insurance contributions and do not accrue State Pension, even if, when combined, their earnings are above the limit.

Making the state pension fairer and more widely available (33KB) PDF

This factsheet describes the Government's proposals for addressing the gaps in state pension coverage, including reducing the number of qualifying years.

New Carers Credit (61KB) PDF

This factsheet outlines the Government's proposals for a new, more generous weekly carers' credit.

Projections of Pension Credit entitlement (159KB) PDF

This factsheet explains how the Government's proposed pension reforms will reduce the proportion of people on Pension Credit over time.

Employers' attitudes and likely reactions to the personal account reforms 2007: A quantitative survey (55KB) PDF

This factsheet presents emerging findings from a new nationally representative survey of employers' attitudes and likely behaviour in response to automatic enrolment with a minimum employer contribution and the setting up of a new personal accounts scheme

Individuals' attitudes and likely reactions to the personal account reforms 2007: A quantitative survey (45KB) PDF

This factsheet presents emerging findings from a new nationally representative survey of people likely to be eligible for automatic enrolment under the Government's reforms, including evidence on public attitudes to automatic enrolment and the minimum employer contribution, and estimates of the likely behaviour of individuals if they were automatically enrolled.

People benefiting from private pension reform: explanation of participation estimates (156KB) PDF

This factsheet presents analysis on the impact of the introduction of automatic enrolment, minimum employer contributions and the new personal accounts scheme on the number of people saving in a workplace pension scheme. It sets out current working assumptions on pension participation following the reforms, and explains how this analysis has evolved since that presented in the May and December 2006 Regulatory Impact Assessments.

Analytical Papers

Estimating Economic and Social Welfare Impacts of Pension Reform (1.34MB)PDF

This Pensions Technical Working Paper explores methods of estimating, and provides quantification of these methodologies, the impact of pensions reform on the UK economy and people's well-being.

Financial incentives to save for retirement (534KB)PDF –this paper presents the analysis underlying the Governments estimates of returns on savings in personal accounts.