Green paper proposes £155 a week universal pension - papers

Pensions minister Steve Webb says today's green paper on pension reform outlining a single flat rate pension worth £155 a week would simplify a complex system and provide more incentive for people to save, the Guardian reports. The beneficiaries of the flat rate pension, due to come into force in five years, would be women, the low paid, carers and the self-employed. The paper will also canvass views on plans for a mechanism to automatically increase the state pension age in line with average life expectancy, rather than the system of pensionable age being set by ministers. Read mo...