
Contents
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8.1. Summary of Key Themes and Arguments 8.1. Summary of Key Themes and Arguments
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8.2. In the Face of Peril 8.2. In the Face of Peril
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8.2.1 Improving the State Pension 8.2.1 Improving the State Pension
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8.2.2 Legacy Defined Benefit and a New Public Pension 8.2.2 Legacy Defined Benefit and a New Public Pension
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8.2.3 Collectivizing Defined Contribution 8.2.3 Collectivizing Defined Contribution
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8.2.4 Abolishing Pensions Tax Relief 8.2.4 Abolishing Pensions Tax Relief
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8.2.5 Reorienting Pensions Investment 8.2.5 Reorienting Pensions Investment
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8.3. And Finally… 8.3. And Finally…
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8 Conclusion: Summary and Policy Options
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Published:January 2021
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Abstract
The concluding chapter summarizes the book’s main arguments, distilling its implications for how we understand pensions provision, and specifically its relationship to the wider financialization process, capitalist organization, and generational change. It also reflects more explicitly on some of the book’s implicit themes, such as the implications of pensions individualization for women and low earners, and industrial relations. Crucially, this chapter also offers a programme of reforms to overcome pensions imperilment in the United Kingdom, encompassing: expanded coverage for workplace pensions and employer contributions; new forms of state-managed provision in relation to annuities; increasing the state pension’s generosity over time; abolishing pensions tax relief as it currently exists; nationalizing residual defined benefit provision in order to capitalize a new public pension; and establishing transparent processes for aligning retirement ages with demographic change.
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