DC plan would save £12bn on public DB

Pow, Helen
June 2009
Money Marketing;6/18/2009, p7
The article reports on the proposal of Policy Exchange Ltd. to replace gold-plated public sector pensions with a defined-contribution scheme in Great Britain. It states that these contributions would be used to buy index-linked gifts to pay for all pension promises. According to Policy Exchange, the cost of its proposed defined-contribution scheme is estimated to be around £34 billion.


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