Cabinet Office revises scheme to prevent ministers receiving pension boost

clock

The Cabinet Office has revised the terms of the ministerial pension scheme to prevent ministers receiving a higher pay-out for increased contributions.

Cabinet secretary Francis Maude (pictured) announced in March that ministers would pay up to 2.4% more into their pensions to bring the ministerial scheme more in line with other public sector refo...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Unlocking the value of surpluses - The implications of Aberdeen's landmark deal

Partner Insight: Unlocking the value of surpluses - The implications of Aberdeen's landmark deal

Bina Mistry and Mark Daniel at WTW
clock 14 January 2026 • 3 min read
PPF 7800 aggregate DB surplus rises by £2.1bn in December

PPF 7800 aggregate DB surplus rises by £2.1bn in December

Lifeboat fund’s 7800 Index shows surplus stood at £259.7bn at the end of 2025

Martin Richmond
clock 13 January 2026 • 2 min read
DB transfer compensation sees 'radical decline' in 2025

DB transfer compensation sees 'radical decline' in 2025

Broadstone DB Redress Tracker shows compensation has steadily fallen since peaking in Q1 2022

Martin Richmond
clock 12 January 2026 • 2 min read
Trustpilot