IN THE greater scheme

Arkin, Anat
June 2009
People Management;6/4/2009, Vol. 15 Issue 12, p24
The article reports on the performance of the public-sector pension in Great Britain. It notes that the public sector schemes have not been affected by the problems in the financial markets. According to Niki Cleal, director of the Pensions Policy Institute (PPI), the government spends approximately 1 per cent of gross domestic product (GDP) on public-sector pensions. Charles Cotton, an adviser at Chartered Institute of Personnel and Development (CIPD), says he does not think that there will be a shift from defined benefit to defined contribution schemes.


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