Contracting-out change needs discussion - Vahey

A large proportion of the pensions White Paper had already been leaked in the run-up to its publication yesterday. Certainly, the vote-winning plans to restore the link between state pensions and earnings, and better state pensions for women and carers had already grabbed the headlines at least a week in advance. We welcome these and other changes to state pensions. They are a vital part of the overall pensions reform as they will strengthen the foundation on which private savings can be built. One big disappointment though was the decision to gradually introduce a flat-rate of S2P, a...