Day 2 of multilateral UK-bashing - papers 24 September

clock

Tony Blair's government faces a second day of bashing by a multilateral organisation over his economic policies after the OECD criticised the UK's pensions regime as inadequate and likely to precipitate long-term economic troubles.

The Organisation for Economic Cooperation and Development’s report follows one from the International Monetary Fund, which outlined the threat to the UK economy of the housing market. The OECD says the UK should raise the state pension age, introduce a single state pension paying more, abolish S2P and means testing, and abolish a mandatory retirement age for savers in the private sector, the FT writes. Without stemming the loss of older workers linked to existing retirement options, the UK economy will face a huge labour shortage in future, while policy on incapacity benefits also nee...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off later this month

Professional Adviser
clock 11 September 2025 • 1 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off later this month

Professional Adviser
clock 09 September 2025 • 1 min read
Webinar: IHT on pensions from April 2027 – what financial planners need to know

Webinar: IHT on pensions from April 2027 – what financial planners need to know

Sign up to join L&G, Octopus, Quilter and TIME on 24 September

Professional Adviser
clock 05 September 2025 • 1 min read