Is state pension reform in jeopardy?

clock

Fiona Murphy asks whether the flat rate state pension will go ahead.

‘Take a chill-pill," said pensions minister Steve Webb at the recent Professional Pensions show, when asked about state pension reform. He might be feeling relaxed about the delivery of the White Paper on the introduction of a flat rate state pension but industry were right to question him. Earlier on in the year he had announced the white paper was going to be postponed from spring to autumn. He cryptically said it was going to be "minty green" - hinting at a consultation rather than a solution. Adding to uncertainty, rumours abounded that prime minister David Cameron had reconsid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

L&G forecasts annual annuity volumes to more than double to £20bn by 2034

L&G forecasts annual annuity volumes to more than double to £20bn by 2034

To launch blended annuity drawdown product next year

Jenna Brown
clock 23 October 2025 • 4 min read
Number of retirees 'shopping around' for annuities reaches record high

Number of retirees 'shopping around' for annuities reaches record high

Two-thirds of annuities were finalised after customers shopped around for best rates

Jasmine Urquhart
clock 16 October 2025 • 2 min read
The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

'Savers have reacted positively to this so-called "flex-then-fix" approach'

Matthew Morris
clock 24 September 2025 • 3 min read