Buzz: Industry backs S2P lump sum idea

Proposal to pay legacy S2P as lump sum gets cautious thumbs up

clock • 1 min read

Should the government pay out existing S2P entitlements as a lump sum to ease the transition to a flat-rate pension?

Many respondents were attracted to the simplicity of paying out accrued state second pension benefits as a lump sum when a single flat-rate pension is introduced. It was seen as a way of offloading...

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