Security in retirement: towards a new pensions system; summary of responses to the consultation

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Demographic changes will mean that over the next 50 years there will be only two people in employment for every one person in retirement, compared with the current ratio of four to one. In May 2006, the Government published its White Paper ('Security in retirement: towards a new pensions system', Cm. 6841, ISBN 0101684126) containing proposals to reform the structure of the UK pensions system to ensure its long-term sustainability. (The proposed reforms are based on the recommendations of the Pensions Commission (1st report (ISBN 0117027804) published in October 2004, 2nd report (ISBN 0117036021) published in November 2005, and more information on the final report is available at http://www.pensionscommission.org.uk/publications/2006/final-report/index.asp). This publication sets out a summary of responses to the Pensions White Paper and outlines the Government's plans to take forward its package of reform measures.

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