"Citizen pension" could solve pension crisis, says PPI

The benefit, which the PPI calls the Citizen's Pension, would effectively remove the means-testing trap and reduce complexity - two major problems currently facing state pensions. The Citizen's Pension would be based on residency instead of work history, with eligibility set by how long an individual had been resident in the UK, NOT how long they had worked, the PPI says. The proposal finds support in the example of New Zealand - which has a Citizen Pension system - where just 5% of retirees live in poverty compared with a whopping 20% in the UK. Alison O'Connell, PPI director, say...