What does Iain Duncan Smith's resignation mean for pensions?

From the blog: There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.

Duncan Smith had served in the post since May 2010, presiding over years of cuts as part of the government’s agenda to balance the budget, but said in a letter the latest cuts to disability benefits were “a compromise too far”.

He added: “I believe the cuts would have been even fairer to younger families and people of working age if we had been willing to reduce some of the benefits given to better-off pensioners.”

Click here to read full blog post