Welcome to the Pensions Reform Group

"The Universal Protected Pension we put forward is the only workable scheme that guarantees to break the link between retirement and poverty" - Chair of the Pensions Reform Group, Rt. Hon. Frank Field MP.

The Pensions Reform Group was established in 1999 with membership drawn from politics, industry, academia, voluntary bodies, and other stakeholder groups. Our joint endeavour is to begin a serious and detailed debate on banishing pensioner poverty from our shores.

Latest News & Updates

Monday, 15 August, 2005

Reform is urgent

In his monthly column for Pensions Week magazine, Frank Field, Chairman of the Pensions Reform Group warns that with each year that passes, a growing number of citizens will have made the rational decisions not to save but to depend on the Chancellor's pensions credit.

The bigger this total is, the more difficult electorally it will be to implement a policy where more, not less, people are encouraged to self-reliance.

To view Frank Field's article for Pensions Week, please follow this link to the Press & Media page.

Monday, 1 August, 2005

PRG welcomes comments on proposals for pension reform

The Pensions Reform Group set out a framework for pensions reform in a paper published today entitled "Universal Protected Pensions - A framework for building consensus."

Frank Field MP, Chair of the Pensions Reform Group said in response to the publication of the paper:

The Universal Protected Pension (UPP) is a proprosal for others to adapt. It does, however contain both principles and their practical appliction which will have to be enshrined in any reform which meets the test of time as did Beveridge's original proposals.

The PRG has established five principles for any proposed pensions reform. The

UPP draws on all five:

1. A guaranteed pension based on a fixed minimum percentage of national average earnings for all who contribute, including carers and job-seekers;

2. No new compulsion;

3. Redistribution;

4. Funding over pay-as-you-go;

5. Independence from Government.

The paper "Universal Protected Pension - A framework for building consensus" is available in Pdf format from the Reports section of the website.