Debate Magazine

"Duncan Smith Outlines Plans for Pre-paid Pension Cards"

Posted on the 30 September 2014 by Markwadsworth @Mark_Wadsworth

From the BBC:
The government is to introduce pre-paid cards to stop pensioners spending all their money on alcohol, tobacco or Lottery tickets.
Work and Pensions Secretary Iain Duncan Smith said it would help those "on the margins break the cycle of poverty". The cards could only be used for some items in some stores, and would not be valid in betting shops or off licences.
The scheme will be initially piloted on a voluntary basis and will be targeted on those with spending problems. The BBC's assistant political editor Norman Smith said government sources said the move was aimed at helping pensioners who smoked or drank and protecting their spouses.
An estimated one in 5 pension claimants in England suffer from addiction to tobacco products, such as cigarettes or cigars, while an estimated one in 4 pension claimants consumes more than the recommended maximum daily intake of alcohol.


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