Former Pensions Minister outlines 'manifesto' for older voters

Former Pensions Minister Baroness Altmann has set out her own 'manifesto' for older voters ahead of the general election, including a number of significant changes to the pensions system. Most notably, she has advocated moving from the current 'triple lock' to a 'double lock', by which pensions rise by prices or earnings, whichever is greater.

In addition, she has called for this to apply to pension credit to protect the poorest pensioners. Other moves include a reform of pensions tax relief to provide a 33% government bonus on top of contributions and more help for women.

In the latter case, she said women aged their 50s who were disadvantaged by the short notice at which the pensionable age was raised should get some compensation. The peer also said the "wrinkles in the National Insurance State Pension system" should be ironed out to deal with the disadvantages faced by women who take more career breaks and do more part-time jobs. The latter can often leave them below important thresholds, such as qualification for auto-enrolment.