Flat-rate pension will 'cut risk' of giving advice, MPs told

The coalition's state pension reforms mean from April 2017 everyone who achieves a 35 year National Insurance record will receive £144 per week in retirement. One of the main aims of the reforms is to make it fairer and simpler for women to get a full state pension. A credit system for caring will apply, meaning looking after children or elderly people will not result in NI record gaps. Steve Webb's policy was broadly welcomed but analysis of projections found some people will lose out in the longer term due to the interaction with means-tested benefits. Baroness Hollis told the wo...