Industry on Hutton Report: 'Axe has been left in the toolshed'

These include reducing payouts, increasing contributions and moving away from final salary structures. Many say the current system is unfair to lower-paid workers and unaffordable while Hutton's proposals are fair and realistic. Main industry responses so far: Laith Khalaf, pensions analyst at Hargreaves Lansdown: "The axe has been left in the toolshed. Lord Hutton's proposals will maintain generous pension provision for public sector workers and at the same time will create a more honest framework for costing these schemes." Joanne Segars, chief executive of NAPF: "Lord Hutton ...