Contracting out ban could hit millions

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Proposals by the government to abolish contracting out in final salary schemes could hit millions of members, who will have to pay more in National Insurance, industry experts say.

Hargreaves Lansdown pensions analyst Laith Khalaf said if the Department for Work and Pensions goes ahead with abolishing contracting out in final salary schemes in 2012, around 7 million final sal...

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