State pension reform plans are set to heap extra cost burdens on public sector worker contributions, hitting scheme members with a "double whammy" of additional pension tax, analysts warn.
Government plans to include pension contributions when calculating workers' entitlement to tax credits risks undermining the key aims of auto-enrolment, argue Labour peers.
The Pensions Bill 2010/11 has today received royal asset becoming the Pensions Act 2011.
Business leaders have criticised ministers for allowing union leaders to "hold a gun to the government's head" over public sector pension changes.
The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.
Women will be ‘winners' once auto-enrolment is introduced next year, but pensioners who rent in retirement could end up getting less back than they put in.
The Treasury's "reference scheme" is being used as the basis on which a new public sector pension scheme will be designed. We look at what has changed.
Here it is. Chief secretary to the Treasury Danny Alexander's speech to the House of Commons regarding enhancements to public sector pensions reform proposals.
The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.
The Pensions Bill has cleared both Houses of Parliament and will become law after a last-ditch Labour attempt to amend it was rejected in the Lords.