pensions need a major overhall, according to researchers who spent 18-months
report by the Institute of Public Policy Research, a centre-left think-tank
whose recommendations often closely mirror Labour policy, says state pensions
should be linked to average earnings.
A New Contract for Retirement, it also proposes raising state retirement age to
67 and scrapping the state second pension.
IPPR said means-testing to top up pension payment is "flawed" and
should be scrapped.
Government has labelled the report "simplistic and misguided".
and Pension secretary Alistair Darling said IPPR proposals were unworkable.