Public sector protection will safeguard tiny minority of scheme members

clock

Government's promise to protect people within ten years of retirement from losing out under public sector pension changes will safeguard less than 1% of members, estimates suggest.

Treasury chief secretary Danny Alexander (pictured) said workers who are ten years or fewer from retirement would face no changes to their retirement age. However, preliminary estimates suggest ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Insured run-on: Pensions cruise control

Insured run-on: Pensions cruise control

Hymans’ Michael Abramson highlights the ‘fork in the road’ for schemes between buyout and run-on

Michael Abramson
clock 21 August 2024 • 3 min read
Partner Insight: Investment risk versus regulation - What's the biggest risks for DB schemes in 2024?

Partner Insight: Investment risk versus regulation - What's the biggest risks for DB schemes in 2024?

The latest trustee survey from Professional Pensions offers insight on surplus challenges, market volatility and the race to buyout.

Professional Pensions
clock 20 August 2024 • 2 min read
SPP publishes DB funding regime guidance

SPP publishes DB funding regime guidance

SPP outlines steps schemes should consider amid the ‘uncertainty’ of new funding regime

Martin Richmond
clock 15 August 2024 • 2 min read
Trustpilot