Opposition criticises pension reform delays

clock

The Liberal Democrats claim the delay in linking the basic state pension to earnings and the issue of "mass means-testing" are some of the problems with the proposed Pensions Bill.

In yesterday’s Queen’s Speech it was announced a Pensions Bill would be shortly published, but although details of what it would include were omitted from the actual speech, it is believed re-linking the state pension to earnings in 2012 and the establishment of a Delivery Authority for Personal Accounts, are key areas of the Bill. However David Laws, Liberal Democrat Shadow Secretary of State for Work and Pensions, says welfare reform has been one of the big disaster areas of the Blair era, with much promised and little delivered. He points out "it speaks volumes” that the Prime Minist...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read