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Gender Pension Gap
The gender pension gap (also known as the sex pension gap) is the percentage difference in pension income between women and men. It is often calculated as the difference between the average man's pension and the average woman's pension, expressed as a percentage of the man's. The gap averages 26% across OECD countries. Background Margaret Franklin, the President and CEO of the Chartered Financial Analysts Institute highlighted in 2021 that "The gender gap in retirement benefits does not grab headlines in the same manner as the pay gap, yet the issue remains no less urgent. And it needs fixing before even more women face poverty in retirement". Analysis by Mercer CFA Institute Global Pension Index (MCGPI) highlighted that there was no single cause of the gap and all regions have significant gender differences in the level of retirement income. In the UK there is no official government assessment of the size of the pension gap, nor policies specifically to address it. Estimat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensions In The United Kingdom
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £185.15 per week. It is linked to wage and price increases. Most employees and the self-employed are also enrolled in employer-subsidised and tax-efficient occupational and personal pensions which supplement this basic state-provided pension. Historically, the "Old Age Pension" was introduced in 1909 in the United Kingdom (which included all of Ireland at that time). Following the passage of the Old-Age Pensions Act 1908 a pension of 5 shillings per week (25p, equivalent, using the Consumer Price Index, to £ in present-day terms), or 7s.6d per week (equivalent to £/week today) for a married couple, was payable to persons with an income below £21 per annum (equivalent to  ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Literacy
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, Japan, the United States, and the United Kingdom. Understanding basic financial concepts allows people to know how to navigate in the financial system. People with appropriate financial literacy training make better financial decisions and manage money better than those without such training. The Organization for Economic Co-operation and Development (OECD) started an inter-governmental project in 2003 with the objective of providing ways to improve financial education and literacy standards through the development of common financial literacy principles. In March 2008, the OECD launched the International Gateway for Financial Education, which aims to serve as a clearinghouse for financial edu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Of Rights
A bill of rights, sometimes called a declaration of rights or a charter of rights, is a list of the most important rights to the citizens of a country. The purpose is to protect those rights against infringement from public officials and private citizens. Bills of rights may be '' entrenched'' or ''unentrenched''. An entrenched bill of rights cannot be amended or repealed by a country's legislature through regular procedure, instead requiring a supermajority or referendum; often it is part of a country's constitution, and therefore subject to special procedures applicable to constitutional amendments. History The history of legal charters asserting certain rights for particular groups goes back to the Middle Ages and earlier. An example is the Magna Carta, an English legal charter agreed between the King and his barons in 1215. In the early modern period, there was renewed interest in the Magna Carta. English common law judge Sir Edward Coke revived the idea of rights ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ian Byrne (politician)
Ian Robert Byrne (born 1972) 10 May 1972 comes up in searches is a British Labour Party politician. He has been the Member of Parliament (MP) for Liverpool West Derby since the 2019 general election. He is a member of the Socialist Campaign Group parliamentary caucus. Early life and career Byrne grew up on the Stockbridge Village (formerly Cantril Farm) estate in Liverpool. At the age of 17 he was present at the Hillsborough disaster and escaped before the crush occurred, however his father was seriously injured. He worked as a taxi driver while studying at The Open University and gaining a degree over six years. He was an active member of Unite the union, where he later got a job as a trade union organiser. His work included organising sub-contracted NHS workers for better pay and conditions. In 2015, Byrne co-founded Fans Supporting Foodbanks, a community initiative by football fans to tackle food poverty in Liverpool. Before becoming an MP, he worked with Dan Carden in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party is a political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists. The Labour Party sits on the centre-left of the political spectrum. In all general elections since 1922, Labour has been either the governing party or the Official Opposition. There have been six Labour prime ministers and thirteen Labour ministries. The party holds the annual Labour Party Conference, at which party policy is formulated. The party was founded in 1900, having grown out of the trade union movement and socialist parties of the 19th century. It overtook the Liberal Party to become the main opposition to the Conservative Party in the early 1920s, forming two minority governments under Ramsay MacDonald in the 1920s and early 1930s. Labour served in the wartime coalition of 1940–1945, after which Clement Attlee's Labour government established the National Health Service and expanded the welfa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Work And Pensions
, type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill StreetLondonSW1H 9NA , employees = 96,011 (as of July 2021) , budget = £176.3 billion (Resource AME),£6.3 billion (Resource DEL),£0.3 billion (Capital DEL),£2.3 billion (Non-Budget Expenditure)Estimated for year ending 31 March 2017 , minister1_name = Mel Stride , minister1_pfo = Secretary of State for Work and Pensions , chief1_name = Peter Schofield , chief1_position = Permanent Secretary , chief2_name = , chief2_position = , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief5_name = , chief5_position = , chief6_name = , chief6_position = , chief7_name = , chief7_position = , chief8_name = , chief8_position = , chief9_name = , chief9_position = , parent_department = , w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of The United Kingdom
The Supreme Court of the United Kingdom (initialism: UKSC or the acronym: SCOTUK) is the final court of appeal in the United Kingdom for all civil cases, and for criminal cases originating in England, Wales and Northern Ireland. As the United Kingdom’s highest appellate court for these matters, it hears cases of the greatest public or constitutional importance affecting the whole population. The Court usually sits in the Middlesex Guildhall in Westminster, though it can sit elsewhere and has, for example, sat in the Edinburgh City Chambers, the Royal Courts of Justice in Belfast, and the Tŷ Hywel Building in Cardiff. The United Kingdom has a doctrine of parliamentary sovereignty, so the Supreme Court is much more limited in its powers of judicial review than the constitutional or supreme courts of some other countries. It cannot overturn any primary legislation made by Parliament. However, as with any court in the UK, it can overturn secondary legislation if, for an examp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Mansfield
Michael Mansfield (born 12 October 1941) is an English barrister and head of chambers at Nexus Chambers. He was recently described as "The king of human rights work" by The Legal 500 and as a Leading Silk in civil liberties and human rights (including actions against the police). A British republican, vegetarian, socialist and self-described "radical lawyer", he has participated in prominent and controversial court cases and inquests involving accused IRA bombers, the Birmingham Six, Bloody Sunday massacre, the Hillsborough disaster and the deaths of Jean Charles de Menezes and Princess Diana and the McLibel case. Early life Mansfield grew up in north Finchley, North London, and attended Holmewood Preparatory School (Woodside Park) before going to Highgate School and the University of Keele, where he graduated with a BA (Hons) in history and philosophy, and was Secretary of Keele's Students' Union. Career Mansfield was called to the bar at Gray's Inn in 1967, became ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Women's Day
International Women's Day (IWD) is a global holiday celebrated annually on March 8 as a focal point in the women's rights movement, bringing attention to issues such as gender equality, reproductive rights, and violence and abuse against women. Spurred on by the universal female suffrage movement that had begun in New Zealand, IWD originated from labor movements in North America and Europe during the early 20th century. The earliest version was purportedly a "Women's Day" organized by the Socialist Party of America in New York City February 28, 1909. This inspired German delegates at the 1910 International Socialist Women's Conference to propose "a special Women's Day" be organized annually, albeit with no set date; the following year saw the first demonstrations and commemorations of International Women's Day across Europe. After women gained suffrage in Soviet Russia in 1917 (the beginning of the February Revolution), IWD was made a national holiday on March 8; it was sub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Representation Of The People Act 1918
The Representation of the People Act 1918 was an Act of Parliament passed to reform the electoral system in Great Britain and Ireland. It is sometimes known as the Fourth Reform Act. The Act extended the franchise in parliamentary elections, also known as the right to vote, to men aged over 21, whether or not they owned property, and to women aged over 30 who resided in the constituency or occupied land or premises with a rateable value above £5, or whose husbands did."6 February 1918: Women get the vote for the first time" BBC, 6 February 2018. At the same time, it extended the local government franchise to include women aged over 21 on the same terms as men. It came into effect at the [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
