Turner Report: Voluntarism vs. compulsion

Today’s document states there are three options for policymakers to consider: ”A major revitalisation of the voluntary system; and/or, significant changes to the state system; and/or, an increased level of compulsory private pension saving beyond that already implicit within the UK system.” Improving voluntary contributions rests with “levers” that can bring about big changes in understanding, attitudes and actions of those affected by pensions, be it consumers or providers. These changes would include being to increase the number of companies making employer contributions, to ...