Govt should 'buy out S2P rights' to aid state pension transition

This comes as speculation over the government's white paper on state pension reform grows. The paper was delayed last summer due to the "complexity" of the system. Barnett Waddingham consultant Malcolm McLean (pictured) said plans for "transitional arrangements" to the flat rate pension are behind the delay. He said difficulty deciding how to treat people who have built up S2P entitlements worth more than the flat rate of about £150 per week is a particular problem. He warned that if people with S2P are paid their extra entitlement, the government may attempt to freeze the uprating...