Defined Benefit  

Govt to make changes to all public sector pension schemes

Tamara Calvert, partner at law firm DLA Piper, noted that the British Medical Association was going to bring similar claims in respect of the NHS Pension Scheme. "And no doubt many other groups would have followed suit", she said.

But this won’t be necessary now that the government has accepted that the ruling has wider application across public service pension schemes.

She added: "The government has said that the cost of this ruling could be £4bn a year in additional liabilities, although unions contest that figure. Whatever the number, it is likely to be large.

"Certainly, there is a lot of work to do to unravel the changes and reknit them into a legally acceptable shape for the future."

maria.espadinha@ft.com

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