People who contracted-out of Serps in the 80s and 90s could be as much as 40% worse off than anyone ...
People who contracted-out of Serps in the 80s and 90s could be as much as 40% worse off than anyone who decided to remain within the State pension scheme, says a Which? Report being published today by the Consumers' Association. An in-depth look at contracting-in and out of the State Earnings Related Pension Scheme (Serps) is being presented over two editions of the Which? Report to try and highlight just how difficult it is to know whether consumers should be 'in' or 'out' of the system. Among the data presented, the CA says over five million people had contracted-out by 1992, ye...
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