The Prime Minister made clear today that a Conservative government elected in May 2015 would preserve the benefits enjoyed by pensioners under the current government.
Pensions will continue to rise under the triple lock formula which increases the basic state pension at the rate at which earnings or prices rise or by 2.5%, whichever is the highest.
Triple lock has produced pension rises consistently since 2010.
Other pensioner benefits will be protected; free bus pass, winter fuel payments and free T.V. licence.
6 weeks from today, pensioners will be able to take control of their private pensions. They no longer will have to buy an annuity and have money doled out to them. Instead they will have the freedom to invest or spend their pension pot as they wish. After all it’s their money, their savings.
And they can pass pensions on to loved ones, free of tax.
The Prime Minister finally promised to continue the strategy producing economic growth. The means by which the N.H.S., on which so many elderly rely, will be protected.