摘要：This paper tests the feasibility of individual saving as a solution to the pensions crisis
and, heeding the Pensions Commission’s call for a ‘balanced’ approach to the UK’s
problems, investigates the effect on individual savings rates of changes in state and
occupational provision: ie the re-introduction of the Basic State Pension earnings link and
a return to an average pension contribution of 8 % for those employers currently
providing occupational pensions. The paper is based on a series of micro-simulations of
the pension entitlements of a selection of illustrative ‘risk biographies’, which are
founded upon a critique of similar calculations undertaken by the DWP and Pensions
Commission.
