The Uk Pensions System And Pension Prices

Question 1

Pros of uk pension

Answer 1

Targets section of society most likely to be in poverty

Can earn more than what was paid in investments

Employers can add

Can have private and personal

Default choice of savings

Ensures minimum standard of living

Private pensions are merit good

Question 2

Cons if uk pension

Answer 2

Perhaps age is too high or too low

Private pension values depends on state of economic recession (inflation may cause depreciation of savings)

Still optional

Restricted to all contributions (limited in how much they contribute)