Labour questions affordability of universal state pension plans

clock

Coalition plans to introduce a universal state pension of £140 a week need serious investigation to assess whether they are fair and affordable, the Labour Party warns.

Proposals expected to be detailed in a green paper before 2011 would see SERPS and pension credit scrapped and replaced by a universal basic state pension of £7,280 a year - about £140 a week. The ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Legislation

Employer salary sacrifice should be 'dialled down'

Employer salary sacrifice should be 'dialled down'

Resolution Foundation says employer NI should be extended to cover more pensions

Jasmine Urquhart
clock 23 September 2025 • 1 min read
Half of adults unaware of upcoming pension changes

Half of adults unaware of upcoming pension changes

Schroders finds 85% don’t fully understand potential IHT rule changes

Jasmine Urquhart
clock 15 September 2025 • 2 min read
Employers expect restrictions on salary sacrifice schemes

Employers expect restrictions on salary sacrifice schemes

Most mid-market employers expect chancellor to make changes to rules

Jasmine Urquhart
clock 12 September 2025 • 2 min read
Trustpilot