'Perfect storm' brewing for public service pensions

MPs warn cost issues will take ‘generations to resolve’ as civil servants and emergency workers opt out of DB schemes

Holly Roach
clock • 4 min read

There is a “perfect storm” brewing in public pension costs that the Treasury’s £17bn “mistake” is only part of, according to a report published by the House of Commons Public Accounts Committee (PAC).

The report - published today (11 June) - revealed HM Treasury has "done little to identify and manage the stark differences in average pensions between genders and other groups" and "should have fo...

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 Industry

Buzz: Will reforms to pensions and IHT work in practice as currently drafted?

Buzz: Will reforms to pensions and IHT work in practice as currently drafted?

Pension and IHT reforms, The Pensions Regulator’s VfM and climate change

Professional Pensions
clock 06 July 2026 • 1 min read
News Digest: Cabinet Office names new CSPS director and moots future insourcing; Andy Burnham makes triple-lock pledge

News Digest: Cabinet Office names new CSPS director and moots future insourcing; Andy Burnham makes triple-lock pledge

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 06 July 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Capita CSP contract, BCSSS appoints BlackRock, warning over IHT pension reforms

Professional Pensions
clock 03 July 2026 • 1 min read
Trustpilot