State pension reforms 'don't work with personal accounts'

A new report, published today by the Pensions Policy Institute (PPI), evaluates the reforms put forward in the pension white paper at the end of May, claiming to shed light “on some of the uncertainties and shortcomings in the proposal”. In addition the proposals also concentrate future pension gains on those pensioners with the highest incomes, while the future of personal accounts could be at risk as the extent of means-testing remains uncertain. The PPI says the 45-page document: ‘An evaluation of the white paper state pension reform proposals’, shows most people will have less than ...