Hutton admits means-testing needs to be halted

Speaking at the Institute for Public Policy Research (IPPR) on ‘The State and the individual: building a lasting pensions settlement’, Hutton said the means-tested Pensions Credit was acting as a disincentive to saving for middle earners, and added it should not “extend further up the income distribution”. Commenting more on the Pensions Commission’s proposals for State reform, than private pension saving and the National Pension Savings Scheme (NPSS), Hutton said the idea of a “stronger State pension funded by some increase in the state pension age” and acting as a platform for new and l...