TFA006 Paul Johnson on Pensions, Ageing Population & Government Spending

Fund Your Retirement Podcast

In today’s episode director of the Institute for Fiscal Studies Paul Johnson shares the true cost of running Britain.

Paul explores taxes, pensions including auto-enrollment, the ageing population, and the future of the state pension.

Paul is perhaps one the UK's known economists, a regular on BBC Radio 4, and writes a column for the Times Newspaper. He is also a published author with a Times bestseller Follow the Money, How Much Does Britain Cost.

Key topics discussed:

· Are we receiving good value for our taxes?

· Will our taxes keep on rising?

· Should we just tax the rich?

· Is growth the answer, or raising taxes?

· How much does the state pension cost?

· Does auto-enrollment solve the problem of funding one's retirement?

· Does the risk measurement process need an overhaul?

Timestamps:

1:30 Paul Johnson’s journey and career so far.

3:15 Holding the government to account.

4:00 How much the government spends?

6:15 Where does the government get its money from?

7:45 What are the big three expenses for the government finances?

11:05 Are we getting good value for money?

15:00 Will taxes keep on rising?

16:15 Can we tax the rich more?

19:10 Is growth a better option than raising taxes?

22:00 Should defined benefit pensions invest more in equities?

23:14 Overhauling defined benefit default funds.

25:30 Does the pension system need an overhaul?

26:40 Is the state pension sustainable?

28:00 Has auto-enrollment been a success?

32:00 Closing thoughts and wrap up.

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Links & Guest Resources:

Buy Paul’s book, Follow The Money Here: https://www.amazon.co.uk/Follow-Money-much-does-Britain/dp/1408714019/ref=asc_df_1408714019/

Institute for Fiscal Studies website: https://ifs.org.uk/

Pauls blog page on the IFS website: https://ifs.org.uk/people/paul-johnson

Fundamental Asset Management website: https://fundamentalasset.com/

Follow Fundamental Asset on Twitter: https://twitter.com/fundasset

Connect with Chris on LinkedIn: https://www.linkedin.com/in/chris-boxall-835a4222/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.