MPs' pensions swept into public sector reforms

clock

MPs pensions will be subject to the same reforms as the wider public sector and a new scheme will be launched in 2015, the leader of the Commons said.

MPs would be forced to contribute more into their schemes, work longer and move from final salary to career average provision. Sir George Young told MPs last week their pensions will be swept into reforms proposed by Lord Hutton's Independent Public Service Pensions Commission, in March. Future responsibility for MPs' pensions will be transferred to the Independent Parliamentary Standards Authority (IPSA). Young will table a motion before the House rises for summer recess to invite the Commons to support Hutton's public service pension reforms. He said: "Parliamentary pensions m...

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

Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 19 September 2025 • 1 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 16 September 2025 • 1 min read