The Chartered Institute of Personnel and Development has warned Government they are living in a ‘fool's paradise' if they think abandoning means-tested benefits will solve the current pensions crisis.
The comments follow repeated warnings from chairman of the Pensions Commission, Adair Turner, who suggests the current policy of means-testing certain benefits is putting people off savings for retirement. Turner was providing evidence to the Commons Work and Pensions Committee yesterday. Pensions Adviser at CIPD, Charles Cotton called for greater focus to be put on pensions communications, with evidence revealing employers are not properly promoting pensions to their workers. Charles Cotton said: “If the government and MPs think that abandoning means tested benefits for the state pe...
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