Pensions should be means tested says Kemi Badenoch
https://news.sky.com/story/tories-wi...-says-13290398
https://www.theguardian.com/politics...t-alarm-tories
https://news.sky.com/story/tories-wi...-says-13290398
Kemi Badenoch has said the Conservatives will consider means-testing the pensions triple lock.
The Tory leader said her party would "look at means-testing" the system which guarantees that the state pension rises in line with average earnings, inflation or 2.5% - whichever is highest.
The Tory leader said her party would "look at means-testing" the system which guarantees that the state pension rises in line with average earnings, inflation or 2.5% - whichever is highest.
Ros Altmann, a non-affiliated peer who previously sat as a Conservative pensions minister, told Sky News on Friday that Badenoch needed to reconsider her comments. “What we urgently need is clarification of what on earth she means,” Altmann said. “What does she mean by means testing the triple lock?”
She added: “The problem we have in going down the route implied – and I don’t think she probably means it – is that every pensioner would start getting a different state pension again. Whereas the whole point of state pension reforms is that there should be a basic flat rate minimum state pension and then encourage people to top it up with private pensions.
“As soon as you introduce means testing to the state pension system, you disincentivise from bothering to save in their private pension.”
Labour and the Liberal Democrats seized on Badenoch’s remarks to say it showed the Tories were coming after people’s pensions.
Torsten Bell, the pensions minister, said there was “being bold and there’s being plain bonkers”. “No one who thinks for five minutes can believe means testing the state pension is a good idea – but that is what Kemi Badenoch says she’s up for,” he posted on social media.
She added: “The problem we have in going down the route implied – and I don’t think she probably means it – is that every pensioner would start getting a different state pension again. Whereas the whole point of state pension reforms is that there should be a basic flat rate minimum state pension and then encourage people to top it up with private pensions.
“As soon as you introduce means testing to the state pension system, you disincentivise from bothering to save in their private pension.”
Labour and the Liberal Democrats seized on Badenoch’s remarks to say it showed the Tories were coming after people’s pensions.
Torsten Bell, the pensions minister, said there was “being bold and there’s being plain bonkers”. “No one who thinks for five minutes can believe means testing the state pension is a good idea – but that is what Kemi Badenoch says she’s up for,” he posted on social media.

She's hopeless, a gift for Reform (or, indeed, Labour, if they were semi-competent).

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