NAO: Treasury has failed to plan for rise in public sector scheme costs

clock

The Treasury has failed to plan for changes in the size of the public sector when calculating pension costs, a National Audit Office report claims.

The audit body said total payments to the more than two million pensioners in the UK's four largest pay-as-you-go pension schemes - the Armed Forces Pension Scheme, the Principal Civil Service Pens...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Active run-on - A new endgame strategy for defined benefit schemes

Partner Insight: Active run-on - A new endgame strategy for defined benefit schemes

Aon
clock 15 May 2025 • 1 min read
PPF finds aggregate DB surplus fell by £13bn in April

PPF finds aggregate DB surplus fell by £13bn in April

Tariff uncertainty meant surplus fell for third month in a row to £202.5bn

Jasmine Urquhart
clock 13 May 2025 • 1 min read
FTSE 100 DB scheme funding levels remain high in April, LCP finds

FTSE 100 DB scheme funding levels remain high in April, LCP finds

Consultancy’s Pensions Explorer shows surpluses dipped during month of market volatility

Martin Richmond
clock 13 May 2025 • 2 min read
Trustpilot