UK - Opposition parties have joined forces to attack the government over its latest proposals for tackling the pensions crisis.
Conservatives say several “key proposals” in the Green Paper have already appeared in previous government consultation documents.
And the Liberal Democrats claim the measures are “too timid, too slow and too little, too late”.
Tory work and pensions spokesman David Willetts says proposals on value-protected annuities, phased-in retirement, increased flexibility, raising the retirement age for public sector workers to 65 and increasing the number of people receiving combined pension statements have all appeared before.
Willetts said: “Many of the ‘new policies’ have been announced before and we must remember that the Green Paper is itself consultative – the 39th consultation document on pensions issued by this government.”
He added that the Green Paper was not “equal to the scale of the crisis affecting funded pensions” and that it did not give employers or employees incentives to save through pensions.
Liberal Democrat work and pensions spokesman Steve Webb said: “The key element in tackling the pensions crisis effectively is compulsory pension saving. Employers, workers and the government must all play a part.”
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