Pensions: Law, Policy & Practice
The 2017 Workshop was held at the Institute from Thursday 10 June 2019 to Friday 11 June 2019. The workshop was held jointly with Slaughter and May, and the UCL Faculty of Laws.
State pensions are the largest item in the UK social security budget, estimated to cost £91.6 billion in 2016/17, with 12.9 million recipients paid an average of £7,100 each. Enormous wealth is also managed by the trustees of occupational pension schemes on behalf of members to whom distributions are eventually made as a form of deferred remuneration for their work; in 2015, 33.5 million people were members of such schemes in the UK. The social and economic impact of pensions law is therefore huge, and the development of this area of law is relevant to all of us as private citizens. In legal practice, social security law and pensions law are areas that have become increasingly specialised, with many solicitors and barristers making these their exclusive practice areas.