Comment: Treasury offers oxymoron on scheme design

Michael Bow's thoughts on public sector reform

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It's hard to say where the ball will land on public sector pensions but today a clearer image of future scheme design is emerging through the fog of confusion - a ‘bounded flexibility'.

Lord Hutton was strangely silent on the two most important factors to scheme design: cost ceilings and accrual rates. Details are now beginning to emerge as the Treasury gears up to consult on i...

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