Strong state pension vital-Webb

Speaking at the ABI Savings and Protection Conference, Webb outlined his commitment saying "a strong state pension is the foundation for the modern pensions world especially as we move towards a defined contribution market". Webb said the basic state pension had been in decline for thirty years and restoring the link to earnings would provide a real boost for savings year on year. He added the increased cost would be partially paid for by raises in the state pension age, enabling people to work longer, as well as the decision to link increases in the state second pension to CPI rather...