There are 102,000 people still in the private pension system who have a dilemma to solve, as only have until the end of March to decide whether or not to make the jump back to the state pension system. In a move to balance the national books back in 2010, the government passed a series of measures by which it seized assets placed in private pension schemes and made it difficult for private pensions to operate. Unlike those who acquiesced to the switch to public pensions, those who remain with private schemes will no longer be eligible for the 25% state contribution paid on top of what employers pay into the system.
