A blueprint for global pension reform

A U.K. commission has produced a stellar plan for pension reform that can work anywhere – so who will take the lead in Canada?
By Keith Ambachtsheer
|Canadian HR Reporter|Last Updated: 09/18/2006

To its credit, the United Kingdom has shown a persistent willingness to study pension reform. Six years ago, the U.K. Treasury launched the Myners Review to study pension investment trends and practices, and to make recommendations for improvement. Then, just two years ago, the Treasury launched the Turner Commission with the more ambitious aim of studying workplace pension system trends and practices as a whole and to, once again, make recommendations for improvement.

The commission has produced a report that proposes a new destination for the U.K.’s pension system, and charts a course to get there. There is much to like about the Turner report. It is thorough in its analyses, and wise in its recommendations. The broad sweep of its assessment and recommendations are relevant to all countries genuinely interested in reforming their pension systems.

Recommendations for reform