TFA006 Paul Johnson on Pensions, Ageing Population & Government Spending
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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.
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