Chancellor George Osborne confirmed the government will implement a single-tier state pension.
He said the current system is "unbelieveably complex" and adds the proposed system will be flat-rate and still based on contributions. Osborne also said the new single-tier pension is likely to ...
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
