“You’re mugging old ladies every bit as much if you pinch their pension fund” –
(This blog post previously appeared in Common Weal’s weekly newsletter. Sign up for the newsletter here.)
Last year, Bill Johnston and I published our book All of Our Futures – an exploration of ageism in Scotland, how it causes inappropriate policies regarding age and ageing and what Scotland could do instead to create a country that we can all safely, securely and proudly grow older in. In one of the chapters we discuss how an independent Scotland could improve policies around pensions.
This is one of the topics of great interest to everyone on all sides of the constitutional campaign but it’s also a topic that few attempt to tackle in any great detail. However the team here at Common Weal recently realised that while this chapter of the book represents our most up to date thinking on an independent Scotland’s policies towards pensions, we don’t actually have a dedicated Policy Paper on the topic beyond some higher level aspects such as in our 2017 paper on Social Security or discussions around debt and asset transfers found in our book How to Start a New Country or my paper for the Scottish Independence Convention, Parting Ways. This newsletter article will go some way to redressing this but it can only remain a short summary of what is laid out in much greater detail in the book. One thing in particular to bear in mind when discussing pensions is that there are two aspects of them which must be handled differently if not quite entirely separately. The state pension and private pensions.