“Risk” and UK pension reform

    Research output: Contribution to journalArticle

    Abstract

    “Risk” is a word that has become common currency in the financial services industry in general, and in the pensions industry in particular. This article critically examines its use in the context of the current debate about UK pension reform. “Risk” is used by a broad spectrum of interests to discuss a wide range of pension issues in a variety of contexts. The article outlines key theoretical perspectives on the nature and construction, or conceptualization, of risk. Their relevance to debate and policy initiatives, particularly public pension policy, is examined. It is suggested that current government policy is failing to carry with it those to whom the policy applies; that reforms implicitly, if not explicitly, underestimate the importance of “security”; and that failure to conduct a much broader debate about the fundamental notions of work, retirement, saving and security may simply condemn the UK to interminable pension reform.

    Original languageEnglish
    JournalSocial Policy and Administration
    DOIs
    Publication statusPublished - 1 Feb 2003

    Fingerprint

    Pension reform
    Pensions
    Public pensions
    Nature
    Financial services industry
    Government policy
    Retirement saving
    Industry
    Common currency
    Pension policy
    Conceptualization

    Keywords

    • risk
    • pension reform
    • pension policy

    Cite this

    Ring, Patrick. / “Risk” and UK pension reform. In: Social Policy and Administration. 2003.
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    “Risk” and UK pension reform. / Ring, Patrick.

    In: Social Policy and Administration, 01.02.2003.

    Research output: Contribution to journalArticle

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