Govt 'must do more' to address means-testing problem

The comment comes in response to a statement by Pensions Minister Mike O’Brien. He confirmed the Government’s review of means-testing, due in the autumn, will fail to table policy suggestions for overcoming the issue that some people on means-tested benefits would lose pension savings with personal accounts. B&CE believes the problem could further damage the image of pensions, specifically personal accounts. It says the Government cannot afford to wait until next political year to say how they intend to tackle the “elephant in the room of pensions”. John Jory, deputy chief executive, ...