The sixteenth edition of our ‘think’ series has been authored by Jamie Gollings, Director of Development and Deputy Research Director at the Social Market Foundation (SMF). He has worked on a variety of research projects across the SMF policy areas, including gambling, pensions, and education and skills.
This piece makes the case for a pensions policy proposal, named the ‘Citizens Advance’, first proposed by Andrew Lewin, the recently elected Member of Parliament for Welwyn Hatfield.
At its core, the idea proposes that a person would receive a lump sum of money now, in exchange for postponing the point at which they receive their State Pension. The SMF was approached by Andrew Lewin, and subsequently received a grant to conduct research into the feasibility and possible parameters of the policy initiative.
Read the full piece to learn more about how this policy proposal seeks to reduce young people’s reliance on ‘the bank of Mum and Dad’ and what role actuaries can play to assess the viability of this idea.
Related resources
‘think’ edition 12: UK Stamp Duty: a path to enhanced mobility and social mobility
‘think’ edition 10: Student loans: failing students
