Flat rate system evens the pension stakes - PPI

Speaking at an Institute for Public Policy Research event entitled The Asset State: The future of welfare, Alison O’Connell, director at the Pensions Policy Institute, says people are living so much longer it would require an enormous tax increase in order to bring pensions under control. To preserve the welfare of future pensioners, O’Connell says the government will have to remain chief and dominant provider through a state pension system, as this is the most critical asset in later life. The Pensions Policy Institute points out while 15 million people accrue personal or occupationa...