The Liberal Democrats have accused Labour for constructing a pensions system that is ‘both complex and ineffective.'
In setting out his party's 10-point plan for pension reform, Lib Dem leader Charles Kennedy calls for the scrapping of ‘unfair’ means testing, adding: “Means-testing has helped create a pensions system which is in a complete muddle - both complex and ineffective.” Kennedy says millions of pensioners are living in poverty, while many women are left with ‘insultingly small pensions’, with a system too complex for comprehension by individuals. As a result, the party has submitted its proposal for reform to the chairman of the Pension Commission Adair Turner, recommending an Independent Pe...
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