Ending contracting-out a wrench, plumbers say

clock

A £1.3bn plumbers' pension scheme is urging Steve Webb to ditch plans to scrap contracting-out rebates because it will put it into direct competition with NEST.

The Plumbing and Mechanical Services (UK) Industry Pension Scheme said it will struggle to compete with other schemes like the National Employment Savings Trust if its members have to start paying ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Rona Train: Women in pensions, 'huge' industry movements and the road to retirement

Rona Train: Women in pensions, 'huge' industry movements and the road to retirement

Hymans Robertson partner urges the industry to ‘always think of who we’re actually doing this for’

Holly Roach
clock 30 July 2025 • 6 min read
LCP launches podcast focusing on demographic forces shaping the future

LCP launches podcast focusing on demographic forces shaping the future

Series will discuss the sustainability of the UK pension and healthcare systems

Holly Roach
clock 29 July 2025 • 1 min read
News Digest: Nest debt repayment delay will cost savers hundreds of pounds in extra charges

News Digest: Nest debt repayment delay will cost savers hundreds of pounds in extra charges

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 July 2025 • 1 min read
Trustpilot