British Steel Pension Scheme
Looks at the 'time to choose' exercise carried out when the British Steel Pension Scheme was restructured in 2017/18, and the following reviews and redress scheme

The gender pension gap refers to the different retirement outcomes for men and women. This briefing paper examines the different definitions, causes and possible responses to the gender pension gap.
The Gender Pension Gap (268 KB , PDF)
This Briefing Paper is about the gender pension gap. There is no official measure of the gender pension gap, but this is generally understood to refer to the differences in retirement outcomes for men and women. Many approaches to defining the gender pension gap refer to the difference in retirement income of men and women. Although estimates vary, the difference in retirement income between men and women is larger than the gender pay gap. Written evidence from the Trade Union Prospect to the Work and Pensions Saving for later life inquiry states that the gender pension gap is: ‘significantly larger than the gender pay gap and applies to a large (and growing) proportion of the female population’. (Written evidence from Prospect (PSL0025), 2022, at p.7).
Other analysis of the gender pension gap examines the difference in wealth in retirement.
There has been recent policy interest in steps to reduce a gender pension gap. For example, this is one of the questions asked by the Work and Pensions Saving for later life inquiry that was launched in December 2021.
The gender pension gap is much larger for private pensions than state pensions. The literature on the gender pension gap highlights three main causes of this gap.
Proposed reforms to cut the gender pension gap are directed at each of the different causes of the gender pension gap. Proposals to address the gender pension gap include the following:
The Gender Pension Gap (268 KB , PDF)
Looks at the 'time to choose' exercise carried out when the British Steel Pension Scheme was restructured in 2017/18, and the following reviews and redress scheme
This briefing outlines the current system of pension tax relief and covers the main areas of debate about future reform.
An overview of how social security benefit levels in the United Kingdom are set.