Post-Brexit fall in migration could reduce state pension

Kristian Brunt-Seymour
clock • 2 min read

Reductions in annual EU migration in the event of Brexit could force the government to lower the state pension and further increase the age it can be accessed.

The report by the National Institute of Economic and Social Research (NIESR) found reducing EU migration by 150,000 people following Brexit could cost the government over £3bn annually in lost taxe...

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

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

'Glaring omission' of climate risks in DB funding code

'Glaring omission' of climate risks in DB funding code

LCP analysis of TPR’s consultation documents found scarce references to climate change

Martin Richmond
clock 27 January 2023 • 2 min read
Tender Watch: PMI partners with Phoenix CIS

Tender Watch: PMI partners with Phoenix CIS

Phoenix will provide PMI members with latest content on investment-only platforms

Professional Pensions
clock 24 January 2023 • 1 min read
Taylor: " DB pension scheme funding is now in the best position it’s been for a long time "

FTSE 350 DB schemes' time to buyout halved in 2022

The average time to buyout fell by five years and four months

Martin Richmond
clock 23 January 2023 • 1 min read
Trustpilot