Complex tweaks meet Turner objectives - Naismith

It tackles both state pensions and private provision, with the introduction of the national pension savings scheme (now known as personal accounts). On state pensions, the government proposes a complex series of tweaks to the current system, which cumulatively are expected to achieve its objectives. It asks us to look at the results of these changes rather than the mechanism, which is just as well because they are horribly complicated. They are designed to limit the spread of means-testing (by linking the basic state pension to earnings from around 2012) and will improve the position of w...