Menu
12/05/2006
Blair and Brown agree pensions deal
Prime Minister Tony Blair and Chancellor Gordon Brown have agreed a deal on pensions.
The agreement will see the link between pensions and earnings restored, probably from 2012.
Pensioners' groups have been campaigning for the link - which was broken by Margaret Thatcher's government in 1980 - to be restored.
The restoration of the link was recommended in Lord Turner's report on pensions, although his report recommended reintroducing the link in 2010.
The agreements ends months of deadlock between the Prime Minister and Chancellor over pensions, with Mr Blair wanting to reintroduce the link between pensions and earnings, while Mr Brown continued to defend means testing.
He had argued that the changes recommended by Lord Turner were too costly between 2010 and 2020.
It is expected that the retirement age will be increased to 68 from 2050 in order to help pay for the changes, also as recommended by Lord Turner.
(KMcA)
The agreement will see the link between pensions and earnings restored, probably from 2012.
Pensioners' groups have been campaigning for the link - which was broken by Margaret Thatcher's government in 1980 - to be restored.
The restoration of the link was recommended in Lord Turner's report on pensions, although his report recommended reintroducing the link in 2010.
The agreements ends months of deadlock between the Prime Minister and Chancellor over pensions, with Mr Blair wanting to reintroduce the link between pensions and earnings, while Mr Brown continued to defend means testing.
He had argued that the changes recommended by Lord Turner were too costly between 2010 and 2020.
It is expected that the retirement age will be increased to 68 from 2050 in order to help pay for the changes, also as recommended by Lord Turner.
(KMcA)
Related UK National News Stories
Click here for the latest headlines.
07 September 2004
Pensions Secretary quits government
The Work and Pensions Secretary Andrew Smith has resigned from the Cabinet, saying he quit in order to commit more time to his constituency and spend more time with his family.
Pensions Secretary quits government
The Work and Pensions Secretary Andrew Smith has resigned from the Cabinet, saying he quit in order to commit more time to his constituency and spend more time with his family.
20 June 2005
Pensions coalition calls for ‘fair deal’
A new coalition is calling on the new government to deliver a new ‘fair deal’ on pensions. Four organisations – the Trades Union Congress (TUC), Age Concern, Help the Aged and consumer watchdog Which? – have joined together to form the People’s Pensions Coalition to campaign for fair pensions reform.
Pensions coalition calls for ‘fair deal’
A new coalition is calling on the new government to deliver a new ‘fair deal’ on pensions. Four organisations – the Trades Union Congress (TUC), Age Concern, Help the Aged and consumer watchdog Which? – have joined together to form the People’s Pensions Coalition to campaign for fair pensions reform.
04 April 2006
Lord Turner defends pensions reforms
Lord Turner has defended the proposed pension reforms in the Pensions Commission final report. Lord Turner, who chaired the commission, said that the state pension should be made more generous and less means tested.
Lord Turner defends pensions reforms
Lord Turner has defended the proposed pension reforms in the Pensions Commission final report. Lord Turner, who chaired the commission, said that the state pension should be made more generous and less means tested.
07 November 2013
Govt Sets Out Proposals To Reshape Workplace Pension
The government is setting out a range of proposals to reshape workplace pensions for future generations. These are designed to create more certainty for individuals, share investment risks more equally, and help employers to keep offering the best possible workplace pensions.
Govt Sets Out Proposals To Reshape Workplace Pension
The government is setting out a range of proposals to reshape workplace pensions for future generations. These are designed to create more certainty for individuals, share investment risks more equally, and help employers to keep offering the best possible workplace pensions.
12 September 2005
TUC seeks 'compulsory' pension contributions
The TUC is to outline a blueprint for the future of pensions at the annual Congress being held this week in a proposal that will place an obligation on both employers and employees to contribute to a pension.
TUC seeks 'compulsory' pension contributions
The TUC is to outline a blueprint for the future of pensions at the annual Congress being held this week in a proposal that will place an obligation on both employers and employees to contribute to a pension.
-
Northern Ireland WeatherThis Evening and Tonight:Cloudy with any lingering showers soon dying out. Then a few clearer spells possible before low cloud spreads in through the early hours, with coastal fog in places. Minimum temperature 9 °C.
