Public sector pension reforms 'may hit women hardest'

clock

Shifting the link between public sector pension schemes and final salaries to a career-average earnings option could hit female retirees hardest, experts say.

Lord Hutton this week said the current method of basing workers' pensions on their final salary was "inherently unfair". In his interim report, he said it might be more equitable to link pension payouts to people's career average earnings instead. But some experts say this move could represent a double blow for female public servants because women are both more likely to take career breaks and earn less than men. Jennie Kreser, pensions partner at London-based lawyers Silverman Sherliker, says: "There is a possibility of discrimination against women with career average schemes, des...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Women in Financial Advice Awards 2026: Nomination deadline 8 May!

Women in Financial Advice Awards 2026: Nomination deadline 8 May!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 14 April 2026 • 1 min read
Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read
PA Awards 2026: Photos from the night

PA Awards 2026: Photos from the night

Celebrating the advice profession's best

Professional Adviser
clock 20 March 2026 • 1 min read