Introduction of a simpler, fairer Citizen's Pension and raising the retirement age to 69 would take 10 million future pensioners off means-tested benefits, the National Association of Pension Funds says.
In its final report proposing the implementation of a Citizen’s Pension regime, the NAPF claims such a system would reduce pensioner poverty, provide a far simpler state pension system on which to build additional savings, and would be fairer to millions of women, carers and others who miss out under the current system. Moreover, The NAPF if a Citizen’s Pension were introduced in 2010, it would cost no more than the current state pension system, provided the money currently spent on the Basic State Pension, State Second Pension (including contracting out rebates) and Pension Credit was us...
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