Public sector pension liabilities reach £993bn

clock

Unfunded pension promises made to past and present UK public sector workers now amount to £993bn, Towers Watson calculations reveal.

The consultant said this is £223bn more than the latest official estimate of unfunded public sector pension liabilities of £770bn March 31, 2008. It said its up-to-date estimate took account of ...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

TPR publishes annual funding statement 2026

TPR publishes annual funding statement 2026

Watchdog says most schemes should now be shifting their focus to endgame planning

Jonathan Stapleton
clock 06 May 2026 • 3 min read
Canada Life launches online wellbeing portal for members post-buyout

Canada Life launches online wellbeing portal for members post-buyout

Your Life Hub will provide members with services to bolster mental, financial and physical wellbeing

Martin Richmond
clock 05 May 2026 • 3 min read
DB scheme surpluses increase to £210bn in Q1 2026, PwC finds

DB scheme surpluses increase to £210bn in Q1 2026, PwC finds

PwC index finds funding positions remain strong despite geopolitical instability

Martin Richmond
clock 23 April 2026 • 2 min read
Trustpilot