Today's Budget announced contracting-out for defined benefit schemes would be scrapped as part of the move to a single tier state pension.
See: Budget 2011: DB contracting out to be abolished However ending contracting-out means both employers and employees building up new rights to benefits from these schemes will lose their Natio...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
