Pensions group calls for reform

A PENSIONS group will today call on the government to reform the state pension to lift two million people out of means-testing.

The National Association of Pension Funds is calling for the basic state pension and the state second pension to be combined into a new Foundation Pension.

It said this would be worth 8,000 a year and would mean two million people would no longer need to receive means-tested benefits.

The group also called for the government to go further in its 2012 pension reforms to ensure everyone had an adequate retirement income.