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Government publishes 'landmark' White Paper

26 May 2006
The new Pensions White Paper published today has been hailed as a "landmark" document by prime minister Tony Blair.

Speaking ahead of the document's official unveiling, Mr Blair told journalists that he expected the package to "receive a broad welcome across the political spectrum".

The contents of the White Paper will form the backbone of government policy on the pensions issue and are the result of several years of debate on the subject, most recently through Lord Turner's report last month.

"The idea is to make this something that lasts, not just for this generation but for many generations to come," Mr Blair said.

The proposals are expected to simplify the entire pensions market, and to make the system fairer for low and middle income earners, for whom the process was still "incredibly complex".

'We've been chopping and changing with pensions policy over the years,' the Prime Minister concluded.

"If we can crack this as a country we will be doing something that most other countries have not been able to do."

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