Proposal on

“British Pension System”

Table of Contents

CHAPTER 1: INTRODUCTION3

Outline of the Study3

Background of the Research3

Problem Statement3

Aims and Objectives3

Research Question4

Ethical Concern4

Time Scale4

Gantt Chart5

CHAPTER 2: LITERATURE REVIEW6

Historical Review of the British Pension Systems6

The British Pension System6

Awareness and Importance of Contribution to a Pension Plan6

Impact of Economic and Financial Issues on Different Pension Schemes7

Proposed Pension Reform7

CHAPTER 3: METHODOLOGY9

Research Design9

Research Method9

Research Procedure9

Data Analysis10

References11

CHAPTER 1: INTRODUCTION

Outline of the Study

This study will be based on the topic “British Pension system”. The first chapter will provide an introduction to the topic including the purpose and significance of the study. The second chapter will present a review of relevant literature, highlighting the previous research carried out in this field. The third chapter will cover the research methodology for this study. The analysis of findings and discussion will be presented in the fourth chapter. The fifth chapter will conclude the study, providing implications and useful recommendations for further research.

Background of the Research

One of the principle sources of financial support in old age are pensions, which accounts for around 39% of the social protection expenditure in Europe. It is projected by some analysts that the UK population will increase by one million to sixty million over the next 30 years. Moreover, the population over the age of 60 is estimated to grow by around fifty percent. These demographic changes have created several key implications for the British pension system. Moreover, the recent debt crisis and the global recession have also left an impact on the system.

Problem Statement

The British pension system has been a topic of debate since the last few years. There has been a vast quantity of research regarding the current British pension system. However, the area of implications and impact is highly untapped. The recent debt crisis in United Kingdom has also impacted the British pension system. Another problem is the lack of awareness among the youngsters. People are not aware of the importance of contributing to a pension plan and their implications. All these factors have raised the question on the future of the British pension system.

Aims and Objectives

The main aims and objectives of this study will be:

To analyse the contribution of individuals under 35 towards a pension scheme

To determine the awareness of students regarding the importance of a pension plan and their implications

To identify the UK's financial and economic issues and their impact on the British Pension system

To discuss the proposed pension reform and possible changes to Pension schemes in 2012

Research Question

Is the future of the Great British Pension looking bleak?

Why the majority of individuals under the age of 35 have never contributed towards a pension scheme?

Are students aware of the importance of contributing to a pension plan and their implications?

What are the financial and economic issues of UK and their impact on the British Pension System?

What possible changes can be made in the Pension schemes of 2012?

Ethical Concern

One of the critical issues that most researchers tend to overlook is associated with the usage of information and sources. They present the work of others in their ...