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UK Public Service Pensions Update | September 2023

The UK government is preparing new directions to pension scheme administrators on how to implement the McCloud remedy, which rectifies age discrimination in public service pension schemes. This includes prioritisation guidelines for McCloud-affected cases and the requirement for detailed annual benefit statements. Affected military and health sector pensions will undergo changes from October 2023. Other changes include Treasury directions for 2020 valuations and new automatic enrolment legislation.

Source: www.lexology.com –

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