Cabinet Office revises scheme to prevent ministers receiving pension boost

clock

The Cabinet Office has revised the terms of the ministerial pension scheme to prevent ministers receiving a higher pay-out for increased contributions.

Cabinet secretary Francis Maude (pictured) announced in March that ministers would pay up to 2.4% more into their pensions to bring the ministerial scheme more in line with other public sector refo...

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

PPF 7800 aggregate surplus remains consistent in June

PPF 7800 aggregate surplus remains consistent in June

Lifeboat fund’s index shows surplus saw narrow increase of £0.2bn last month

Martin Richmond
clock 14 July 2026 • 3 min read
Increased DB funding levels driving more complex endgame decisions

Increased DB funding levels driving more complex endgame decisions

Hymans paper says DB schemes have entered a ‘fundamental’ new phase

Martin Richmond
clock 10 July 2026 • 3 min read
DB transfer redress payments projected to fall to record lows in Q3 2026

DB transfer redress payments projected to fall to record lows in Q3 2026

First Actuarial says recent developments could have ‘material’ impact on success of DB transfer advice complaints

Martin Richmond
clock 10 July 2026 • 3 min read
Trustpilot