SMF finds support for giving young people one year of state pension early as a lump sum

SMF finds support for giving young people one year of state pension early as a lump sum

Professional Pensions
clock • 3 min read
SMF finds support for giving young people one year of state pension early as a lump sum

The majority of younger people support a proposal that would give them the choice to receive the first year of their state pension early as a lump sum, the Social Market Foundation (SMF) has found.

The think tank's report, Citizens Advance – A state alternative to the Bank of Mum and Dad, set out the idea – originally devised by Labour MP Andrew Lewin and being independently developed by the ...

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 Industry

VfM framework must look past investment performance and charges, says IGG

VfM framework must look past investment performance and charges, says IGG

Trustee firm says framework’s proposed service quality measures are ‘too basic’

Martin Richmond
clock 10 September 2026 • 2 min read
News Digest: SPPA warns technical problems could delay McCloud fix

News Digest: SPPA warns technical problems could delay McCloud fix

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 September 2026 • 1 min read
Broadstone launches pension consulting service for trade unions

Broadstone launches pension consulting service for trade unions

Service will help trade unions manage pension arrangements

Holly Roach
clock 09 September 2026 • 1 min read
Trustpilot