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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
