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A "modest" increase in statutory sick pay (SSP) is overdue, according to a committee of MPs who say it must strike a balance between workers' needs and what employers can afford.
Trade unions have raised the alarm about the 'broken' statutory sick pay regime, which they say left millions of workers 'brutally exposed' during the Covid pandemic
MPs have recommended several statutory sick pay reforms, including increasing the rate and making it available to all employees.
The Work and Pensions Committee calls for a fresh approach to funding regulation.
MPs say changes to proposed regulation and improvements in governance standards are urgently needed to ensure private sector defined benefit pension schemes remain an active and thriving part of the pensions landscape,