The Pensions Policy Institute has published a report: An assessment of the Government’s options for state pension reform. The report concludes that the Government’s second option, a single tier state pension, ‘would dramatically reduce the number of pensioners reliant on means-tested benefits. The proportion of pensioner households eligible to claim Pension Credit could fall from 35% of pensioner households (4.4 million pensioners) in the current system to only 5% of pensioner households (0.8 million pensioners) by 2055. The reform would be broadly cost neutral to introduce.
To read the report, go to:
www.pensionspolicyinstitute.org.uk/default.asp?p=12&publication=0296&
