The Liberal Democrats have expressed doubts as to whether the pensions white paper offers the right foundation for the introduction of personal accounts.
At the launch of a new report by the Pensions Policy Institute (PPI): ‘An evaluation of the white paper state pension reform proposals’, David Laws, shadow secretary of state for the Liberal Democrats, says there is a real risk if details aren’t sorted out now, in 30 to 40 years time we will discover the "whole process has been a complete flop". The PPI paper suggests the uncertainty over the spread of mass means-testing in the future could affect the success of personal accounts, and Laws says the paper’s analysis raises the issue of whether the government “has gone anywhere near far eno...
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