The proposals put forward in the Pensions Bill may alleviate some problems with the current State pension system, but it won't solve them, claims the Pensions Policy Institute.
In its latest briefing note: ‘Will the Pensions Bill solve the problems of State pensions?’ the PPI says previous research among pension experts and organisations has found four widely-accepted problems within the current system: It generates unequal outcomes It is highly complex It is unsustainable It places too high expectations on private savings However, it says analysis of the pension reform proposals currently being debated at the Committee stage in the House of Commons reveal if the Bill goes through as it stands none of these problems will be solved. It argues the deci...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes