David Cameron has personally demanded a rethink on plans to introduce a £140 per week flat-rate state pension.
Despite assurances earlier this month from Pensions Minister Steve Webb that he had the PM’s backing to go ahead with plans, fear of alienating core voters and a repeat of the ‘granny tax’ fiasco has caused Cameron to halt plans.
Whilst Cameron feared that the new plans would disadvantage higher earners, Joanne Segars of the National Association of Pension Funds has called for the government ‘to stick to the plan’, stating the the current pensions system ‘is a mess and change is long overdue’.
What’s your opinion? Check out our Insurance & Pensions forum, where you can chat to other graduates about jobs, advice, current issues and all things pensions.