McCloud clarity allows public schemes to finish valuations

Comes after cost-control mechanism was paused following 2019 McCloud judgement

Hope William-Smith
clock • 2 min read
HM Treasury: "As uncertainty recedes those valuations can now complete."
Image:

HM Treasury: "As uncertainty recedes those valuations can now complete."

Amendments to the public sector scheme cost control framework made by the Government Actuary’s Department (GAD) meet the government’s objectives, HM Treasury has confirmed.

The cost control mechanism is designed to limit the impact of any rise in scheme costs on taxpayers, while also allowing schemes the flexibility to fairly raise benefits for members. Public sect...

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