Summary
IAIN Duncan Smith is today due to unveil the UK Government's plan to overhaul the state pension system, moving to a single flat-rate payment of at least pound(s)155 a week, as he argued that most people no longer wanted to retire at 65.
The Work and Pensions Secretary will publish the Coalition's Green Paper, effectively a consultation document, on scrapping the current complex system and replacing it with a simpler one aimed at encouraging people to save for their retirement.See the full content of this document
Extract
Minister Unveils Plans to Simplify Pensions
At present, a single pensioner receives just under pound(s)98 a week but, with means-te...
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