Ritchie predicts reduction in contracting-out cases

Scottish Equitable is predicting few people will choose to contract-out of SERPS and S2P under existing Inland Revenue guidelines, as the new rebates do not provide a clear financial incentive to do so. In his latest Ritchie Paper, Stewart Ritchie, Pensions Development Director at Scottish Equitable, believes that this lack of clear financial incentive is likely to complicate the contracting out decision, and deter many people from making the commitment. Ritchie says the decision has changed from a primarily financial one to a philosophical one of whether it is better to take the reba...