Age needs one voice. Now it has:
Age UK is the new force combining Age Concern England and
Help the Aged in England.
The new force combining &
Source : Press Association Published on 24 May 2010 12:00 AM
A leading pensions guru has said pension credits could be phased out temporarily by the new coalition Government as a compromise over state pension reform.
Independent pension consultant Ros Altmann said Chris Grayling, the Tory minister of state for the Department for Work and Pensions, had said pension credits could be phased out over 10 years to support the Lib Dems' plans for a citizen's pension.
The removal of the credits would be paid for by increases to the basis state pension, she said.
"Grayling has spoken to me about making pension credit temporary which will fit in with Lib Dem plans to aim to achieve a citizen's pension in 10 years time," she said.
"It would be temporary as a policy and they would be able to gradually phase out the credit with increases to the basic state pension."
Meanwhile, Altmann said she believes Neil Record, the former Bank of England economist who first broke the news of the UK's £1 trillion pensions black hole, could be given an influential role on the coalition's public sector pensions committee.
Copyright Press Association 2010
Set your location to see what Age UK offers in your local area.
All non-Age UK articles in the Latest news section are provided by the Press Association
Press Association
The Press Association is the UK's leading multimedia news and information provider and supplier of business-to-business media services.
As home to the national news agency of the UK and Ireland, the Press Association is at the heart of the media industry providing a continuous feed of text, pictures, video and data into newsrooms around the country.
Founded in 1868, the Press Association has an unrivalled reputation for providing fast, fair and accurate information.
The Press Association is also a key supplier to non-media customers, assisting commercial, government and not-for-profit organisations to access information and communicate successfully through the media.
The Press Association supplies all non-Age UK news articles in the Latest news section.
The best way to keep in touch with everything we're doing here is to sign up for our email newsletter
Find out what Age UK does, its history, how it raises money and more about the charity.
Set the appearance of this website so you can read it more easily
To see information relating to Northern Ireland, Scotland or Wales set your preference below: