Two-tier pensions to be urged by review
Monday 22 January 1996
After a two-year study, the Retirement Income Inquiry is expected to recommend tomorrow a safety net state pension backed up by a top-up scheme with compulsory minimum contributions from employees and employers.
Publication of the independent inquiry's report coincides with a survey showing that millions of Britons of working age have no idea what their pension is likely to be.
Yesterday Frank Field, the Labour chairman of the Commons social security committee who has proposed radical welfare reform, warned that people should be made to set aside 15 per cent of their income for pensions.
Writing in the Sunday Mirror, he said: "We are spending fewer years at work, retiring earlier and living longer. We will have adequate pensions only if we set aside more of today's income for tomorrow."
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Germany sees 'visible rise' in support for far-right extremism in response to perceived 'Islamisation' of the West
£28000 per annum: Ashdown Group: A highly reputable business is looking to rec...
£40k - 45k per year + Benefits: Opilio Recruitment: We are currently recruit...
£30000 - £35000 per annum: Ashdown Group: C#.Net Developer - C#, ASP.Net, HTML...
Negotiable: Recruitment Genius: This is an opportunity to join the South West'...