The pensions adequacy review should consult on objectives for the State Pension, taking account of adequacy, sustainability and fairness. Given that it is the core of the Government’s offer to pensioners, relied on by many pensioners on low incomes, a guiding principle should be that it provides the amount needed for a minimum, dignified, socially acceptable standard of living. The Government should set a strategy to reduce both the proportion of pensioners living below this level in future a...

The pensions adequacy review should consult on objectives for the State Pension, taking account of adequacy, sustainability and fairness. Given that it is the core of the Government’s offer to pensioners, relied on by many pensioners on low incomes, a guiding principle should be that it provides the amount needed for a minimum, dignified, socially acceptable standard of living. The Government should set a strategy to reduce both the proportion of pensioners living below this level in future and inequality between pensioners. (Recommendation, Paragraph 161) Type: recommendation | Number: 32 | Response status: not_addressed Government response: The Government is committed to enabling tomorrow’s pensioners to have security in retirement which is why we announced a landmark review of the pensions system days after coming into office last July. The Pensions Investment Review focused on boosting savers returns, investment and economic growth.