End of contracting out could spark round of DB closures

clock

Employers with final salary schemes face a hike in National Insurance contributions which could foreshadow another round of DB closures, as the government prepares to abolish contracting out later today.

Contracting out - where employers in the private and public sector opted out of the state second pension and paid lower NI contributions - will reportedly be abolished in the state pension white pa...

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 Law and Regulation

Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget

Reports say chancellor has also decided against cutting pension lump-sum withdrawals

Jonathan Stapleton
clock 10 November 2025 • 3 min read
Box Clever members transfer to ITV Pension Scheme as long-running case concludes

Box Clever members transfer to ITV Pension Scheme as long-running case concludes

TPR has now ceased its regulatory action against ITV and associated entities

Jonathan Stapleton
clock 06 November 2025 • 2 min read
Master trust authorisation six years on: What has changed and what's to come?

Master trust authorisation six years on: What has changed and what's to come?

Industry says regime has set a strong foundation but there is ‘room to evolve’

Holly Roach
clock 06 November 2025 • 8 min read
Trustpilot