The Tony Blair Institute has proposed scrapping the state pension in favour of a ‘Lifespan Fund’ where income would be tied to your life expectancy.
The radical overhaul would end the popular triple lock pledge on annual increases, and base payments on your age and health status – with a link to your digital NHS record.
However, you could draw on your ‘fund’ earlier than the present state pension age, currently being increased from 66 to 67, under certain conditions.
The plan to ditch what the TBI calls the ‘outdated, increasingly unaffordable, and too rigid’ state pension has received a mixed reaction, with
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