PBR: Public sector scheme costs will rise by 45% despite cap - UPDATED

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Alistair Darling's proposals to reform public sector pensions cover up a 45% hike in costs next year, independent pensions consultant Ros Altmann warns.

Darling claimed imposing the cap would save the taxpayer about £1bn per year, with those earning more than £100,000 paying more into their scheme. However, Altmann said the pre-budget report "sm...

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