Budget 2010: SPA rise to offset earnings link cost

clock

Linking state pension to the higher of earnings or prices - with a minimum increase of 2.5% - is one of the reasons the government is accelerating moves to raise the state pension age, David Yeandle says.

EEF head of employment policy Yeandle explained the cost of the move is probably one reasons the government has decided to consult on accelerating the planned move in state pension age from 65 to 6...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry welcomes appointment of Torsten Bell as pensions minister

Industry welcomes appointment of Torsten Bell as pensions minister

Industry says minister’s appointment comes during a ‘critical’ year for pensions policy

Martin Richmond
clock 15 January 2025 • 4 min read
Tulip Siddiq resigns as economic secretary

Tulip Siddiq resigns as economic secretary

Siddiq steps down as secretary over alleged Bangladeshi financial links

Eve Maddock-Jones
clock 15 January 2025 • 1 min read
Net Zero Asset Managers suspends activities as it launches 'fit for purpose' review

Net Zero Asset Managers suspends activities as it launches 'fit for purpose' review

Follows series of groups departing

Michael Holder
clock 15 January 2025 • 5 min read
Trustpilot