UK - Conservative work and pensions spokesman David Willetts has urged the government to break the "vicious cycle" of means-tested benefit dependency.
Willetts told the Croydon North Conservative Association – constituents of current pensions minister Malcolm Wicks – the move would encourage people to save.
“By 2006 the government plans that over four million pensioners will be entitled to the main means-tested benefit alone. We believe we can take a at least a quarter of them off means-tested benefits.”
The Pensions Administration Standards Association's Margaret Snowdon won the coveted Pensions Woman of the Year award. She tells Stephanie Baxter about lessons she has learned along the way.
Defined benefit (DB) schemes are set to shorn themselves of over £300bn of liabilities between 2019 and 2021 as they continue to mature, Mercer predicts.
This week's top stories include the Competition and Markets Authority issuing its final report for the investigation into investment consultants, and The Pensions Regulator launching its first fraud prosecution.
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