Opposition criticises pension reform delays

clock

The Liberal Democrats claim the delay in linking the basic state pension to earnings and the issue of "mass means-testing" are some of the problems with the proposed Pensions Bill.

In yesterday’s Queen’s Speech it was announced a Pensions Bill would be shortly published, but although details of what it would include were omitted from the actual speech, it is believed re-linking the state pension to earnings in 2012 and the establishment of a Delivery Authority for Personal Accounts, are key areas of the Bill. However David Laws, Liberal Democrat Shadow Secretary of State for Work and Pensions, says welfare reform has been one of the big disaster areas of the Blair era, with much promised and little delivered. He points out "it speaks volumes” that the Prime Minist...

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 Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read