The first Pensions Bill which will contain the elements of state pension reform and the introduction of a delivery authority will be published next week.
Speaking at the Association of British Insurers’ Saver Summit, John Hutton, Secretary of State for Work and Pensions, announced the Bill would “fundamentally change the landscape of this nation’s pension system”. He confirmed the Bill would contain measures for improving the State pension system, including the restoration of the earnings link to the Basic State Pension, a raising of the State retirement age, along with the modernisation of the current National Insurance (NI) contributory system, and the setting up of a 'Personal Accounts Delivery Authority'. And Hutton also followed up ...
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