Abolishing contracting-out is 'price worth paying' for state benefit simplicity

clock

Defined benefit scheme closures driven by the end of the contracting out is a price worth paying to ensure a simple single tier state pension, a leading commentator says.

Government yesterday revealed the overwhelming backing for plans to move to a single tier £140 a week state over alternative plans to have a two-tier system with a flat rate second state pension. ...

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

Middle East conflict driving 'volatility' in pension transfer values

Middle East conflict driving 'volatility' in pension transfer values

XPS index shows transfer values decreased slightly during March to £142,000

Jasmine Urquhart
clock 15 April 2026 • 1 min read
Aggregate DB surplus falls to £263.8bn in March

Aggregate DB surplus falls to £263.8bn in March

Global market volatility leads to fall in both DB assets and liabilities

Jonathan Stapleton
clock 14 April 2026 • 3 min read
Tackling longevity risk a priority as schemes focus on run-on

Tackling longevity risk a priority as schemes focus on run-on

Aon says it expects longevity market activity to rise due to attractive pricing and solutions

Holly Roach
clock 13 April 2026 • 2 min read
Trustpilot