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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 put into practice called for improved benefits despite significant cost increases, the government handed its actuaries their notebooks and asked for their help coming up with something which didn’t lead to as Nikki Ayriss, a partner at LCP, points out “unintuitive and perverse outcomes”.

City ofUnited kingdomNikki ayrissHymans robertsonMoira warnerRobert biltonRoyal college of paediatricsChild healthCost control mechanism consultationRoyal londonJane marshBirmingham womenRoyal collegeநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்மாய்ர எச்சரிக்கை