Your English writing platform
Discover LudwigExact(6)
This level of consciousness about pensions means that our latest Work and Pensions Minister, Alan Johnson, arrives in his post at what should be a pivotal time.
Radical pensions Ahmet Necdet Sezer, a westward-looking Turk Hard men win Junk the brass Russia's mighty fallen Lapland's other sort of predator Reprints Related items Pensions: Means and endsNov 16th 2000At first, these plans prompted predictable squeals of protest.
Britain's annuity market is the biggest in the world, bigger than those of France, Germany and Italy combined, countries where generous state provision of pensions means there is less incentive to save into private pension schemes.
This and other superannuation concessions – for example that investment earnings (including capital gains) can be tax exempt if they are from assets supporting superannuation pensions – means $32.1bn in revenue foregone.
James Purnell's move from the Department for Culture, Media and Sport into the hole left by Peter Hain at the Department for Work and Pensions means fewer invitations to art galleries and football matches, but a bigger budget and a higher profile.
But the rise of defined contribution (DC) pensions means that workers are on their own; employers put money into the scheme but the payout depends on the investment returns.This can be a lottery, as is shown by the chart, compiled by the OECD.
Similar(54)
Rising life expectancy and worries about the value of pensions mean the trend to work will continue.Big companies that rely on casual labour are already adapting.
The NUT general secretary, Christine Blower, said the government's refusal to resolve its dispute over pay and pensions meant the union had no alternative.
Reforms designed to trim future pensions mean that, regardless of their skill level, those close to retirement are likely to save more and that governments will spend less per old person.
She added: "For many savers the accessibility and flexibility of Isas and the up-front tax breaks of pensions mean a combination of the two makes the most sense.
Labour earlier in the day had been pressing Conservatives to admit that a mix of their deficit reduction plans, new spending commitments and ring fencing of some department budgets, including pensions, meant it was inevitable that the Tories would seek to cut tax credits and child benefit to meet its targets.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com