TUC: Flat-rate pension will leave millions worse off

clock

Most of the 20 million workers paying into the State Second Pension (S2P) will be worse off under the single tier pension, says the Trades Union Congress (TUC).

Research published by the TUC today found that anyone with a long working history will lose out, with high earners seeing the biggest fall in income. The organisation's modelling found that peop...

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 Law and Regulation

CDC beyond the headlines – a focus on intergenerational risk transfer

CDC beyond the headlines – a focus on intergenerational risk transfer

John Southall says CDC’s success will depend on how intergenerational fairness is treated

John Southall
clock 10 February 2026 • 7 min read
OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

Watchdog says behavioural impacts will also include employer contribution increases

Jonathan Stapleton
clock 06 February 2026 • 2 min read
AMNT: The continued presence of a member voice on trustee boards is essential

AMNT: The continued presence of a member voice on trustee boards is essential

Lewis Brown takes a look at the DWP’s consultation on trustees and governance

Lewis Brown
clock 05 February 2026 • 4 min read
Trustpilot