I\’m a little unclear as to what it is that Osborne has done with pensions.
There\’s the move to the £140 a week pension, OK, that\’s good. The lower pension topped up with credits just diminished the incentive to save.
But there\’s something about \”losing the second state pension\”?
Is he thus abolishing SERPS? All those people who paid into it, the higher NI contributions for all those years, now get nothing from having done so?
Is that what\’s he\’s done? The papers aren\’t making it clear.