20 million more people will lose out under Conservative pension ‘reform’

‘Twenty million people will lose out from the introduction of a new flat-rate state pension with the burden falling most heavily on low-paid private sector workers, according to analysis by leading pension experts.

The startling figure, part of research by pension consultants Hymans Robertson, comes just before the new deal for pensioners is to be introduced in April. It appears to undermine government claims that the reforms will create a fairer, as well as a simpler, system.

The company also warns that the policy could have wider and graver repercussions for government than its attempts to slash credits for working people, which forced chancellor George Osborne to perform a spectacular U-turn in his budget last November.’

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