The Treasury will reform the cost control mechanism used for revaluing benefits within public service pension schemes after a major review said the current set-up was resulting in “perverse” outcomes.
In aconsultation published yesterday(24 June), the government confirmed it was planning to make three significant changes: applying the mechanism to reformed schemes only for both past and future s...
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
