Inquiry into state pension reform launched

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The introduction of the state pension from April 2016 will be scrutinised through an inquiry launched by the Department for Work and Pensions (DWP) select committee.

MP Frank Field (pictured), who chairs the select committee, said people needed clarity about how they would be affected by changes once they claimed their pension. Complexities arising out of the transition from the current system to the single tier state pension were raised in July, when the government published a 26-point fact sheet outlining the transitional arrangements for people who had been contracted-out. Field said: "There is a sense that government has somewhat moved the goalposts in retirement savings without providing enough information about what are, in the end, complex ...

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