People on old system get what they were promised / expected - earnings/triple lock on basic pension, CPI on SERPS. On new system, not possible to subdivide the flat New State Pension (and would be complicated if we did!), so people on NSP get earnings on full NSP, and CPI on anything above.

Not expecting it to be anything we weren’t already expecting!

Thank you, that’s kind of you!

Agreed, though there’s probably less churn amongst those making personal contributions over £2k (or sacrificing the equivalent). Legislation might need writing carefully ….

Interesting question! Presumably firms will have to ‘register’ salary sacrifice schemes?

Thanks @higheredactuary.bsky.social - you can’t beat a good Hamilton reference!

Thanks @felicityhannah.bsky.social . We were looking for a way to combine the economic necessity of longer working with a material mitigation for those hardest hit. Probably needs both a guarantee for those who reach pension age and die soon after, and those who pay in but never get a pension.

Thanks @actuarybyday.bsky.social , good to work with you on this. If people are interested in the Telegraph write-up, hopefully this link will work: www.telegraph.co.uk/gift/c0af53a...

Thanks Stuart, that’s kind! I’m adding a new video every week so hopefully it will build up to a decent resource over time

Secretary of State at one stage, IIRC!

Hi Simon, feel free to email me the details and I’ll see if I can help

Yes, I’m not suggesting that MPs shouldn’t help. I’m saying that MPs need to remember that this is not the whole job.

I certainly agree that insight into individual cases is very helpful, but beyond a certain point you risk as a result not doing the thing that only / mainly you can do

My experience (albeit 10 years out of date) is that it’s tempting to prioritise casework as you help specific individuals (and help get re-elected) over the long haul of getting change at Westminster. It’s easier to treat the symptom than the cause!

So sorry to hear this news. Ed was such a colourful personality and added greatly to the diversity of thought at IFS. He leaves a legacy and will be sadly missed.