[UK] Personal Vs. Occupational Vs. State Pension Schemes?

pensionstudent

After reviewing lord turners second Pension Report, im still baffled getting my head around the problems of the three pension types,

I understand that the pension age will gradually increase (state wise) and that company pension schemes will slowly decrease there imput into the employees fund and may come to a halt.

But is that the only problems surrounding the pension provisions in the UK?

Is there any more that i should be thinking/looking about to raise in discussion with my fellow students?

Thank you very much for your time and help

Chrismaths

There are more problems than you can shake a stick at. Increased longevity + decreased birth rate => less workers for each pensioner. Present system based on current taxation funding current pension liabilities, which worked in the days that you came up from the mine, retired and died 3 years later from TB, and that there were 10 workers paying tax for every pensioner. Pretty soon that will be 2:1, and not long after 1:1. So the answer is that retirement has to be saved for in advance rather than funded out of current tax. How this is achieved is the subject of the not-going-far-enough Turner report. But I'm not going to do your homework for you entirely...