Tag: UK retirement system
We were looking at the United Kingdom’s ambitious retirement saving initiative when the President announced Treasury’s MyRA proposal last month. The UK initiative shares two key attributes with the MyRA – namely, safe investments for the new saver and a separate mechanism to administer small accounts. And it’s an interesting plan. The initiative was introduced…
Introduction The British retirement income system is perhaps more dependent on private programs than any in the industrialized world. The government provides a modest and uniform “Basic Pension” to career workers, and now to carers and the disabled. But as benefits are indexed to prices, not wages, the Basic Pension is projected to replace a…
