11 February 2008
James Purnell, the work and pensions secretary is to launch a
study into the impact of means-tested benefits on personal
accounts.
Mr Purnell said the study will investigate how many workers
could end up no better off despite saving into the national pension
scheme, which the Government hope to introduce in 2012. The study
will also come up with possible solutions to the problem.
Help the Aged, The Pensions Policy Institute, and opposition
parties have been invited to contribute to the study. The
government is expected to publish a report on means-tested benefits
after the Pensions Bill has become law.
