S2P simplification still leaves uncertainty - PPI

Both John Hutton, Secretary of State for Work and Pensions, and James Purnell, Minister for Pensions Reform, have announced from 2012 the flat-rate part of S2P will remain steady at around £1.40 a week. At the moment the S2P is made up of two parts, the flat-rate element for people earning between the Lower Earnings Limit (LEL) of £4,368 a year, and the Lower Earnings Threshold (LET) of £12,500 per year, and an additional earnings-related part for those earning above the LET. The original white paper proposals to reform the S2P only affected the earning-related part, which is planned to...