Nick Clegg has slammed "unreformed gold plated" public sector pensions after a report revealed taxpayer spending on them will more than double by 2014/15.
The deputy prime minister was speaking after a pre-budget forecast report by the Office for Budget Responsibility revealed taxpayer spend will increase from £4bn to £9.4bn over the next five years....
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
