Pensions White Paper, Security in retirement: towards a new pensions system | Practical Law
The Department for Work and Pensions published the latest government white paper on pensions reform today. It sets out the government's plans for reforming the state pension system and encouraging workers to save more for their retirement. The proposals include introducing a system of personal accounts with compulsory member and employer contributions, increasing the state pension age to 67 by 2044, restoring the earnings link to state pension increases from 2012 and reviewing pensions regulation and law.