With the Conservatives trailing in the polls, and an election campaign edging ever closer (which will doubtless see the repositioning of both Coalition parties to ensure they retain their core support at the ballot box), it was only really a matter of time until there was some changes to current policy.
But it is something of a surprise that one such target appears to be the proposed, and generally much welcomed and needed, flat rate state pension that has been spoken about for years. For more on this story please see this link:
Should this be kicked into the long grass again (which if these reports are true, certainly seems rather likely), this will be more bad news for the perception of the rather confusing state pensions system in the UK. And that could lead to a negative perception around the other flagship pensions policy: Auto-Enrolment.
The Prime Minister’s statements also appear to be the polar opposite of the stated position of George Osborne (see his last budget speech), which is kind of interesting as well.
We will keep our eye on this one, and report back when more is known.
Best regards
Steve
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