Analysis by financial experts shows less than half of people retiring next year will pick up full current state pension and says majority will lose out long termMost workers reaching retirement will be worse off under the current universal state pension,expected to be set at £155 a week, according to a highly critical analysis of secretary of state Iain Duncan Smith’s flagship policy. On paper, and the current state pension,starting on 6 April next year, will be much higher than the current maximum £115.95 a week basic state pension. The exact figure has not yet been set, or but it is expected to be around £155. Continue reading...
Source: theguardian.com