Failure to increase the size of contracting-out rebates following industry consultation has left the UK pensions industry fearing that insufficient incentive remains for low earners to contract out of the Second State Pension (S2P) into private provision.
The government has issued the draft statutory instrument accepting the Government Actuary Department’s proposals for the 2002/2007 period which offers no further increase beyond the capped limit f...
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 for 12 months, 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
