The Association of Independent Financial Advisers has launched a "Contracting Out" website, which aims to offer consumers a clear route to advice on the issue.
Scottish Widows is planning to automatically contract some of its direct customers back into the State Second Pension (S2P) unless they actively choose otherwise.
Prudential will be writing to almost half a million customers who are contracted out of the State second pension (S2P) to say they strongly believe they should contract back in for the 2005/2006 tax year onwards.
The Association of British Insurers (ABI) and the Association of Independent Financial Advisers (Aifa) have published an updated version of their factsheet on contracting out.
Workers retiring in 20 years time will find the level of state second pension(S2P) they receive could be worth three times less than 10 years ago.
Norwich Union is launching a summer campaign targeted at a select contingent of its pension clients informing them of an intention to automatically contract them back into the state second pension (S2P).
The FSA has issued guidance on their website alerting people to reassess their current status of being either contracted in or out of the Second State Pension, in anticipation of the end of the tax year.
The Association of British Insurers (ABI) has called for the reform on contracting-out, arguing recent changes such as neutralising rebates have complicated matters as well as undermining its original purpose.