A couple of points....
1) Surely if many (most) Sqn Ldrs are leaving or opting for PAS at 38, then for the 'career animals' out there the prospects of promotion to Wg Cdr are vastly improved!! I have heard of a couple being promoted recently that certainly raised my eyebrows!!!
2) If the lot of CS Sqn Ldrs are to be improved, will the FRI disappear (2x£50,000 at the moment for CS Sqn Ldr pilots I believe??).
3) While many people may not consider this relevant....'you can't fly without pilots'....etc, etc. How will 'apparent' improvements to the lot of Sqn Ldrs (who might still be getting £100,000 FRI) penisons and conditions go down with the junior ranks, where retention, feeling valued, etc is, I believe, an issue. Possible comments of '....officers looking after themselves.....', etc, etc. Don't tell me - 'they should have worked harder at school'....