Deferred changes

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Recipients of Serps payments have another two and a half years' reprieve to prepare extra provisions...

Recipients of Serps payments have another two and a half years' reprieve to prepare extra provisions for their spouse on their death after the Government put off halving inherited Serps entitlements until October 2002. This also gives people time to prove they were misled by the Department of Social Security (DSS) on the matter between 1987 and 1996 but product providers believe successfully proving an investor was misled will be difficult. In 1986, the Conservative government announced that when a receiver of Serps died, the entitlements for the surviving spouse would drop to 50% of the ...

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