Daily Insight: Strong and stable retirement
Cost Control Mechanism Consultation: proposal to reform the mechanism, published by the Treasury late last week. It sounds more like a surefire insomnia remedy than a gripping page-turner. In short, the cost control mechanism is used to determine if pension scheme costs have deviated too far from target. If they have, scheme benefits can be increased or decreased to bring costs back in line. The intention was for those adjustments only to be triggered by “extraordinary, unpredictable events”. So, when the 2016 pension schemes valuation — the first time the mechanism had been properly ...
Source: hsj.co.uk
