In this report, we document differences in pension incomes and pension saving between men and women in the UK, and analyse the drivers behind these differences. In particular, we examine two different 'gender pension gaps'. First is the gap in average private and state pension incomes between...

Private pension saving among the self-employed population in the UK has been falling dramatically over the last few decades, and this has led to a heightened policy focus on how to boost pension saving among this group. In this report we analyse patterns of private pension saving among the...

The number of self-employed workers has been rising rapidly in the UK in recent decades. At the same time, private pension participation among this group has fallen sharply, leading to increasing concern among policymakers about the preparedness for retirement of self-employed workers. This...

How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters...

This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...

We investigate whether risk-taking for resurrection type of risk preference (non-constant risk aversion) can increase the probability of achieving inflation-indexed pension benefits at retirement, especially when the starting position is underfunded. By maximizing the expected utility of the...