PM demands 'rethink' on £140 state pension - report

A white paper on the issue is due within the next few weeks but instead of being prescriptive, it will now be consultative, according to the Financial Times. The paper reported that David Cameron 'personally' put the brakes on the plans because of the potential of a backlash from pensioners. It said potential losers could include higher earners as they will no longer be able to boost their retirement incomes through the state second pension. Meanwhile, existing pensioners may also lose out because the flat-rate pension will only be offered to those who retire after its introduction...