Turner fights back on pension reform - papers 25th Nov

The Pension Commission will argue that the current State system is likely to cost more than the government is projecting and therefore its proposals are likely to involve smaller extra costs than the Chancellor fears, says the paper. As the Commission’s recommendations yesterday generated intense debate within government even before they have been published, Brown insisted that any future overhaul of the State pensions system must be “affordable”. But Lord Turner will argue his Commission’s proposals – which involve, over time, a more generous basic state pension – will cost little more...