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What is Introduction: Pensions Imperilment and Political Economy about?

The UK pensions system is in danger. How did we get here? Moreover, what exactly is it that is endangering UK pensions? This introductory chapter explores the main narratives of pensions crisis in elite and public discourse in the UK—centred around population ageing and increased longevity—and argues instead that pensions imperilment is a product of the UK’s dysfunctional political economy. Traditional private pensions practice has become increasingly incompatible with the financialization of economic life. The chapter introduces the book’s key analytical concepts, such as financialization and statecraft, and explore how the social sciences, particularly political economy scholarship, tend to treat generational change and inter-generational relations. Understanding private pensions provision as a set of temporal management mechanisms, organized cross-generationally, is integral to understanding the source of pensions imperilment—and how it can be overcome.

Author

Craig Berry

Publisher

Oxford University Press

Published

2021

Language

EN