👉 The pensions project is an initiative aimed at reforming the UK's pension system to ensure its long-term sustainability and adequacy. It addresses issues such as funding shortfalls, demographic changes, and the need for a more equitable system. The project proposes measures like increasing the retirement age, adjusting benefit formulas, and encouraging private pension savings to reduce the burden on public finances while ensuring that individuals receive a secure retirement income. It also seeks to modernize the administration and promote financial literacy among pensioners.
