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The majority of millenials will see a notional loss from the new State Pensions" says the Pensions Policy Institute. The PPI has undertaken analysis of the Department for Work and Pensions’ (DWP) impact assessment of the new State Pension (nSP), to estimate the number of people of different ages who may be notionally better or worse off under the nSP. |
This analysis highlights that:
Chris Curry, PPI Director, said “As well as simplifying the State Pension system, the new State Pension also significantly reduces the cost of state pensions in the future.”
“While the majority of millennials will see a notional loss of state pension income as a result of the introduction of the new State Pension they will benefit from greater clarity about what that income will be.”
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