14 March 2007
A hint by John Hutton, the pensions secretary, that the
government may revert to a £3,000-a-year cap on the amount
employers and employees can put into the planned national pensions
account brought an angry reaction yesterday from manufactoring
employers and the Equal Opportunities Commission.
Lord Turner's pension commission initially proposed a
£3,000 limit, but the government has said it might raise that
to £5,000 to help median earners.
