state pension

The majority of IFAs say the current state pensions system needs a fundamental overhaul, according to research from AXA.

State pensions must be reformed to help women and poorer people in particular, Stephen Haddrill, director general of the Association of British Insurers (ABI), said on Monday.

The Liberal Democrats have set out their pensions manifesto for next year's general election, by proposing to increase basic payments for the oldest pensioners and pay State benefits based on residency.