A think tank linked to Reform UK has proposed replacing Britain's universal state pension with a means-tested safety net and mandatory individual savings accounts. The Centre for a Better Britain (CFABB), led by former Reform chief operating officer Jonathan Brown, published a 180-page policy paper developed with industry working groups set up by Reform's deputy leader Richard Tice. Under the plan, every citizen would receive a "Lifetime Investment Account" starting with £1,000 at birth, with a mandatory 15% salary contribution during working life, managed by private-sector firms. Employers would not be required to contribute, unlike the current auto-enrollment system requiring 8% total contributions including 3% from employers. Those with insufficient savings would access a safety-net state pension.

The report, steered by figures including Henderson Rowe's Ben Ashby, former Pension Insurance Corporation CEO Tracy Blackwell, and former Permira partner Martin Clarke, also recommends sweeping tax cuts and City of London deregulation costing £75 billion ($99.9 billion) without added borrowing. Reform's Robert Jenrick has already ruled out some proposals, including abolishing inheritance tax and phasing out National Insurance. The party, currently with eight MPs, faces internal divisions and recent controversies over Nigel Farage's undeclared £5 million donation from a Thailand-based crypto investor. CFABB expects Reform to respond before Christmas, though the party has fallen behind Labour in polls ahead of the next election by 2029.