Do pensions matter? Income security and a good retirement

Income Security and a Good Retirement
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Date/time
Date(s) - 14/07/2015
9:00 am - 10:30 am

Location:
One


The launch of new research on the role of a secure income in a good retirement.

Location: One Birdcage Walk, London, SW1H 9JJ 

Speakers at this event include:

  • James Lloyd, Director, Strategic Society Centre
  • Stephen Lowe, Director of External Affairs, Just Retirement
  • Claire Turner, Head of Team – Ageing Society, Joseph Rowntree Foundation
  • Baroness Jeannie Drake, former member of the Pensions Commission
  • Chair: Otto Thoresen, Chair, Nest

Twitter: #goodretirement

This event is free and open to all; however, registration is required. If you would like to attend, please register here.

Since the implementation of the Freedom and Choice reforms in April 2015, pensions policy in the UK has been officially neutral as to whether retirees opt to cash-in their DC pension savings, or obtain a secure retirement income.

To explore the potential impact of these reforms, the Strategic Society Centre has undertaken quantitative research into whether:

  • Retirees with higher levels of secure income experience better wellbeing, health and other outcomes, than those with lower incomes, regardless of their level of savings;
  • The security and ‘peace of mind’ provided by a secure income has a positive effect on a person’s wellbeing, compared to holding the equivalent cash value of that income in the form of savings or other investments.

The research has been made possible by the support of Just Retirement and the Joseph Rowntree Foundation.

This event will mark the launch of this research and explore:

  • What is the relationship between retirement income and different aspects of wellbeing?
  • Are the Freedom and Choice reforms likely to lead to a reduction in levels of wellbeing in the older population, if many retirees opt to cash-in their pension savings rather than obtain a secure income?
  • What are the implications of reduced wellbeing in the older population for public health and the NHS?
  • What can the government do to maximise levels of wellbeing in the older population? What is the role of pensions policy in improving wellbeing in retirement?

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