Flat-rate state pension 'absolutely' going ahead

clock

Pensions minister Steve Webb has urged the industry to "take a chill pill" on the schedule for state pension reform.

The Department for Work and Pensions faced criticism earlier this year when the spring white paper outlining the detail of the universal state pension, set to be implemented in 2015, was pushed back to the autumn. Webb dismissed speculation that the delay is due to internal wrangling between the Treasury and the DWP, or between the Liberal Democrats and the Conservatives, after reports that the Prime Minister had personally intervened in the plans. In response to questions about the state pension at the Professional Pensions Show 2012, Webb said: "I asked someone if I was allowed to s...

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

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
Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read