Altmann calls for National Wealth Service

Speaking at The Hartford's Facing Retirement Forum, Altmann urged the government to consider a higher basic state pension, warning the UK is heading for a 'dire pensions crisis' as people shun savings. Blasting the state pension as 'the worst of any developed country,' as people cannot live on it, she says the current pension "has discredited our wider pensions system." "To help tackle this situation, we should create a 'National Wealth Service' in a similar vein to the NHS, which would provide financial health checks for everyone every few years," she says. Altmann also called for th...