More than half of Brits would prefer a flat-rate state pension based on the Citizen's Pension model, new research indicates.
A survey, compiled by the National Association of Pension Funds (NAPF), finds 56% of people are in favour of a universal state pension worth £109 a week, on the basis of citizenship as opposed to National Insurance contributions.
Additionally, eight in ten people believe women and men should get equal state pension provision, even if they stay at home.
NAPF says half of working individuals feel a universal pension will encourage greater savings, as it provides them with a clear figure of how much to expect, while a further 42% of those questioned says it would encourage them to work beyond state pension age.
As many as 44% of respondents believe the state already pays the same to everyone, further highlighting lack of public understanding of the current pension system.
Christine Farnish, chief executive at the NAPF, says there is little faith in the current pensions system, which is overcomplicated, adding: "People are crying out for a simpler, fairer system.
“If ministers were to decide to pursue the Citizen’s Pension idea, this research suggests they would be pushing at an open door as far as the public are concerned.”
The group asks individuals to provide the period required in order for person to receive a residency-based pension, with 19% of respondents saying 10 years, while 30% of people think 20 years.
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