Govt to move ahead with proposed changes to Teachers’ Pension Scheme

The government has confirmed that it will move forward with its planned amendments to the Teachers’ Pension Scheme, with regulations to be laid in parliament this month (March 2025), before coming into force on 1 April 2025.

Foster Denovo suggested that increasing contribution rates could be a “critical factor” in this trend, pointing out that they have climbed 75 per cent in the last six years to 29 per cent in England and Wales and 26 per cent in Scotland.

Commenting on the findings, Secondsight principal partner, Caroline Gaines, said: “It’s impossible to ignore a clear trend and as consultants, we start by examining what the TPS does for your school from every angle, not a starting point of a foregone conclusion.

“That way, you can be sure you have covered every important aspect before making a considered decision.

“No-one pretends this process is easy or comfortable but it is necessary to ensure everyone has the facts in front of them.”

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