All State second pension articles
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NewsDWP and state pension: Contracted-out members reminded of inflation timebomb
Savers who contracted out of the state pension are being warned that the guaranteed part of their pot, may not keep up with inflation.
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NewsDWP to consider remedies after pension mispayments
On the go: The Department for Work and Pensions has said it is investigating remedies after millions of people have received the wrong pension for decades due to government IT failures.
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News
DWP still keeping millions in the dark over loss of GMP top ups
Millions of people are still unaware of the loss of a valuable indexed guaranteed minimum pension benefit to their state pension since 2016, as the Department for Work and Pensions still has not complied with a Parliamentary and Health Services Ombudsman ruling to inform the public of this deprivation.
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News
Ombudsman: DWP failed to explain GMP downgrade to members
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Services Ombudsman has concluded.
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OpinionThe new state pension – why savers are not necessarily better off
On its inception in 1909, the old age pension of five shillings per week (£20 in 2016 money) was paid to around 500,000 people aged 70 plus whose income was less than £21 a year, reducing to zero if that income exceeded £31.
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News
The Pensions Trust tackles state pension confusion
The Pensions Trust has updated member communications to prepare for the end of contracting out, as research has shown low levels of understanding about the state pension changes.
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Opinion
How DB schemes can offset end of contracting-out costs
From April 2016 a single-tier state pension will be introduced to replace the existing basic state pension and the earnings-related state second pension.
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News
Half of DB schemes unsure how to tackle end of contracting out
Half of defined benefit schemes have not yet decided how they will deal with the end of contracting out, a survey of scheme decision-makers has indicated.
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News
Override sought ahead of state pension reforms
Legal experts have called for a statutory override in scheme rules to avoid members getting more benefits than originally intended from bridging pensions, as the industry approaches the switch to a single-tier state pension in 2016.