Government has compounded the misery for final salary schemes by reducing the contracted-out rebate level, industry figures say.
The National Association of Pension Funds said the move - announced yesterday by the Department for Work and Pensions - represented a "stealth tax" on final salary scheme members and a further sque...
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