Govt to offer public sector pension compromise

clock

The government is set to make an "enhanced offer" to unions in negotiations over public sector pensions.

Union leaders will meet Cabinet Office ministers this morning to discuss the offer, the BBC reports. The compromise will include more generous accrual rates than currently on the table and higher "cost ceilings" on public sector pension expenditure. Danny Alexander, chief secretary to the Treasury, and Francis Maude, Cabinet Office minister, pictured, will inform MPs of their plans in a Commons statement. The news comes after several public sector unions have balloted for strike action on 30 November. The result of the ballots will be announced on Thursday.

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

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read