Treasury admits thousands will opt out of LGPS if Hutton reforms go through

clock

Tens of thousands of local government scheme members will opt-out if Lord Hutton's proposal to increase contribution rates is implemented, the Treasury has admitted.

Documents released under a Freedom of Information Request by the Local Government Chronicle show 6% of people earning below £25,000 and 8% of people earning £21,000 will leave the scheme if the Tre...

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 Industry

Endgame plans increasingly influencing scheme investment choices

Endgame plans increasingly influencing scheme investment choices

Aon finds more are targeting run-on with reduced timescale targets since 2023

Jasmine Urquhart
clock 17 December 2025 • 2 min read
Inflation falls faster than expected ahead of BoE interest rate vote

Inflation falls faster than expected ahead of BoE interest rate vote

ONS figures show CPI Index fell to 3.2% in November

Michael Nelson
clock 17 December 2025 • 4 min read
Professional Pensions Future of Pensions Consulting: Register now!

Professional Pensions Future of Pensions Consulting: Register now!

High-level forum will take place on 18 March 2026 in London

Professional Pensions
clock 17 December 2025 • 1 min read
Trustpilot