Altmann: State pension reform imminent

The announcement has been delayed since October, and many experts believe civil servants are having difficulty deciding how contracting out will be dealt with. In January, shadow pensions minister Rachel Reeves criticised the government for shelving a consultation on introducing a flat-rate, simplified state pension, which had been promised before the end of 2010. Some sources close to the DWP and the Treasury have hinted a state pension of £140 per week is in the pipeline, but there are no details yet of how the entitlement of people who have contracted out their state pension will b...