UK state pension scheme must be overhauled, think-tank says

UK state pension scheme must be overhauled, think-tank says

Politicians have been urged to show “moral and political” leadership by overhauling the current “unsustainable” UK state pension scheme.

A report by the Reform Scotland think-tank said population projections, which show a significant increase in the number of pensioners over the next 25 years, should serve as a “reality check” to all parties.

The organisation has highlighted its own proposal – the Pensions Guarantee – ahead of the publication of the Budget on Wednesday.Official statistics show the number of people over state pension age in the UK is expected to grow by a third between 2017 and 2042, from 12.4 million […]

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