Lord Hutton’s Public Sector Pension Reforms

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To say that pension issues have been in the news in recent months is something of an understatement.

The recent switch from RPI to CPI as a basis for pensions revaluation has been at the forefront of the Government’s so-called austerity measures.

The Pensions Act 2008, due to take effect in October 2012, will place a new duty on all employers operating in the UK to automatically enrol their qualifying employees into a pension scheme (watch this space for our upcoming Alert on this).

Then, on 30th June thousands of public sector workers walked out on strike over proposed public sector pension reforms. This Alert discusses these proposed reforms and comments on how they may impact on the pensions landscape as a whole.

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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