Pension reform must help women and poorer people, says ABI

Speaking at a Labour Party conference fringe meeting, Hadrill said the basic state pension needs wholesale reform because “two-thirds of pensioners are women, but income in retirement is less than two-thirds that of men.” “The current rules, at worst, effectively penalise caring – that’s both bad social policy and bad for the economy,” he added. Hadrill said the State second pension (S2P) also needs reviewing. He believes the poorest should be targeted most by making S2P flat rate at £15,000 salary. Further, Hadrill stated: “The decision on contracting-out should be made clear cut by...