A Labour manifesto commitment to increase the basic state pension in line with earnings from 2012 will cost £2bn a year by the end of the next parliament, Towers Watson warns.
The consultant said that, until today, both Labour and the Conservatives said their aim was to increase the basic state pension in line with earnings from 2012 but they were only committed to doing...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date