The Pension Policy Institute (PPI) has released a briefing note discussing why the coverage of the Basic State Pension should be improved in a bid to lessen the number of people who fail to qualify for it.
Taking into account the recent reform proposals for improving the first tier of State pension provision, the PPI claims that just reforming the level of the Basic State Pension (BSP) would have limited impact if inadequate coverage means there are still people who are not receiving the full benefit. The PPI state the credits system, in place to “count” the people who don’t qualify for the BSP through the usual channel of National Insurance(NI) contributions, has become very complex and does not include everyone. Their figures suggest between 2002 and 2003, 4.9m people failed to qualify fo...
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