Savings plan to go before committee

The Department of Work and Pensions' proposals for the pensions and savings credit is to be scrutinised by a select committee. The Work and Pensions Select Committee is to examine a number of issues raised by the policy announced in the November pre-Budget statement. Areas of investigation include the role of the credit in the Government's overall pensions strategy, the method of uprating the pensions credit and the long-term implications of the chosen method of topping up the credit. Other factors that will be looked at will include the effect of increased means-testing on incentives...