Osborne Says U.K. Pension Reform to Benefit Women, Self-Employed

  • New flat-rate state pension takes effect on Wednesday
  • IFS says 61% of retirees will get less in next four years

U.K. Chancellor of the Exchequer George Osborne said the government’s move to simplify state pensions will benefit women and the self-employed especially by giving them greater security to plan their retirements, though some analysts said it will be less generous to retirees in the longer term.

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