More means-testing on the horizon - PPI

Furthermore, the decreasing value of contributory pensions, such as the basic state pension, will also push more people towards means-tested benefits. According to PPI's latest briefing note - 'The balance between state and private pension provision' - the means-tested Pension Credit will become an increasingly important part of retirement income in the near future. Warning how common it will be for pensioners to fall into the means-testing trap, the PPI says most people reaching state pension age in 2028 are likely to receive Pension Credit even if they work their whole lives and m...