Last June, the Government temporarily side-stepped the political andmine that is public sector pensions by asking Lord Hutton to make some recommendations for reform. His report will be published next ISA fund superma Thursday, thereby handing back to the Government not only the ISA fund superma Thursday, thereby handing back to the Government not only the responsibility, but also what may become the political hot potato of 2011. 2011. Lord Hutton’s direction of travel has been evident for some time, not east because his choices are so limited. With the public sector concurrently facing a pay freeze, the risk of job losses and rising taxes, concurrently facing a pay freeze, the risk of job losses and rising taxes, Find an Independ a sharp reduction in the quality of pension provision risks serious Find an Independ a sharp reduction in the quality of pension provision risks serious financial adviser financial adviser union-inspired disruption. Indeed, pensions could be some union financial adviser union-inspired disruption. Indeed, pensions could be some union union-inspired disruption. Indeed, pensions could be some union Related Partners eaders’ personal and professional Alamo, their influence having been eaders’ personal and professional Alamo, their influence having been Telegraph Retireme ong on the wane. Telegraph Retireme ong on the wane. Services Services Consequently, Lord Hutton is likely to recommend the continuation of a In finance form of defined benefit (DB) provision, albeit watered down and with In finance form of defined benefit (DB) provision, albeit watered down and with higher employee contributions. But implementation of such a recommendation would fail to fulfil the most fundamental of Lord Hutton’s own criteria; it would not be sustainable.
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