The Independent Parliamentary Standards Committee has proposed a career average revalued earnings scheme to replace MPs' defined benefit plan.
IPSA was given control of the scheme after the expenses scandal of 2009, and imposed a temporary freeze on contribution increases of 1.85% with a view to proposing a new structure in 2013 (PP Onlin...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date