Personal pensions and the review of the contracting-out terms

Published on 1 February 1992

From April 1988, individuals were offered a new pensions option by the Government: the possibility of 'contracting out' of the State Earnings-Related Pension Scheme (SERPS) into an Approved Personal Pension.

Access

http://onlinelibrary.wiley.com/doi/10.1111/j.1475-5890.1992.tb00498.x/abstract 

<p>From April 1988, individuals were offered a new pensions option by the Government: the possibility of 'contracting out' of the State Earnings-Related Pension Scheme (SERPS) into an Approved Personal Pension. In a personal pension scheme, an individual accumulates his or her pension contributions in a fund, the proceeds of which are used to buy an annuity from an insurance company on retirement. Two main objectives lay behind this reform:..</p>

Authors

Richard Disney
Richard Disney

Research Associate University of Sussex

Richard is an IFS Research Associate, a Part-time Professor of Economics at the University of Sussex and a Visiting Professor of Economics at UCL.

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Edward Whitehouse

Journal article details

ISSN
Print: 0143-5671 Online: 1475-5890
Issue
February 1992

Suggested citation

Disney, R and Whitehouse, E. (1992). 'Personal pensions and the review of the contracting-out terms' (1992)

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