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Women’s reform

No one ever said reforming pensions was easy. What seems like a good idea can come a cropper faced with reality.

Legal & General pension expert Adrian Boulding says, for example, much of the Government’s hopes for personal accounts to help women carers and part-timers will fail.

He says women who have parttime jobs and maybe even two part-time jobs will be badly affected by the 5,000 offset limit which is non-pensionable.

Boulding says occupational schemes used to have such limits but would not dare do so now as they would be marched in front of an employment tribunal. But, on current plans, personal accounts can do just this. The Government should make sure that its reform matches its rhetoric on helping women.

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