MP urges £30bn a year fund for public sector pensions

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The government should move public sector pensions to a funded model to create a £30bn a year ‘sovereign wealth fund' to invest in long-term projects, argues a Conservative backbencher.

Bedford MP Richard Fuller argued in a private members debate yesterday that the switch from the current tax-as-you-go model would also promote intergenerational fairness. He said it would also h...

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