My previous report on incomes in retirement (Hutton 1996) was
written in June 1996. Almost a year later, the UK election in May 1997
led to a change in government and, in the following November, to a
review of pension provision. The results of this review will be announced
in a Green Paper due in the Autumn 1998. Prior to the election the
political parties made statements and election pledges on pensions, so
that it has been a time of some clarity of position but also, until the
results of the review are published, of considerable uncertainty. The
areas for debate, however, have been well set out.
Two years ago I concluded:
It will be interesting…to see what progress or otherwise has
ensuring an adequate income in retirement, more equal provision for men
and women, in the movement towards funded pensions, in the role of the
state pension, and in the progress of the minimum pension guarantee.
(Hutton 1996: 785)
In this report I will first discuss where the debate on these issues
gone. Policy developments will then be set out, and finally I will
identify questions to be asked in evaluating the pensions' review
it is published.