Reviewing The Pensions Paradigm: A Disruptive Opportunity? (Part 2)

As the dust has finally settled in the electoral arena, and the victors have taken their places at the helm of the country, the obvious question remains: what's next for pensions? A quick view of the electoral manifesto of the now incumbent Labour government will reveal myriad proposals concerning measures that improve or boost the national pension system or 'first pillar'. Once again these increases, tax cuts and exemptions in relation to pension income form the baseline of any electoral campaign and are for the most part well received by all the electorate.

Having a closer look, it appears that the most salient issues addressed under the first pillar are the following points:

• An increase in pensions payable in general and vis-à-vis various age groups;