UK Independent Pensions Commission
Following publication of the UK pensions Green Paper in December 2002 , an Independent Pensions Commission was established to keep under review the regime for UK private retirement pensions and long-term savings, taking into account the proposals in the Green Paper, assessing the information needed to monitor progress and looking in particular at current
and projected trends in:- the level of occupational pension provision;the level of personal pension savings;the levels of other saving. The Commission made its Interim Report, without policy recommendations, on 12 October 2004, with its full report, including policy recommendations, in autumn 2005
It was reported in the Financial Times on 12 may 2005 that the Commission is poised to reject the idea of a single, simple basic state pension, based on a New Zealand model.. The Commission is undecided whether to prodeed with a voluntary contribution system or to introduce compulsion.
See Paul Cummins' artilcle dated 13 October 2004 and article of 3 /4 and 5 November on the Published Turner Report.
This suite of 6 graphics addresses the make-up, members, remit and reporting timelime for the Commission.