The Department for Work and Pensions has outlined how it will phase individuals with rights under the current state pension system into the new universal system in a white paper.
The paper says each individual's current National Insurance record will be used to determine a single "foundation amount" on which their new entitlement will be based. As a safeguard, the DWP wi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
