SAGA COMMENTS ON DELAY TO STATE PENSION REFORMThursday 12 July 2012
Dr Ros Altmann, Director-General of Saga, comments on delays to State pension reform White paper:
SAGA COMMENTS ON DELAY TO STATE PENSION REFORM
“Radical reform of our pension system is vital and we welcome the commitment from Government to this agenda. The changes will not come fully into effect until 2016 so while it is good to inform people of what they can expect from the state pension as early as possible, it is important to make sure these changes are effective and not rushed.
“The new pension system will hopefully be far better for women and self-employed, fairer and simpler than the current arrangements and should ensure much-reduced means testing. It is a long overdue and much-needed change.
"But these are very difficult and complex issues and it is more important to get them right than to rush to release the White Paper before it is ready. The Government may also be looking at what to do about existing pensioners who will not be included in the new system and trying to work out the reaction of the public to these important reforms."
Dr Ros Altmann had produced a briefing paper on what people can expect from the Government’s State Pension White Paper which can be found on the Saga site: http://www.saga.co.uk/money/pensions-and-savings/white-paper-pension-reform.aspx
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