'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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Mercer completes acquisition of SECOR Asset Management

Mercer completes acquisition of SECOR Asset Management

Mercer said acquisition expands the investment capabilities for its client base

Holly Roach
clock 02 May 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

CDC extension legislation, TPR annual DB funding statement and WPC report on DB market

Professional Pensions
clock 02 May 2025 • 1 min read
Industry split on whether Mansion House II will be positive step for DC schemes

Industry split on whether Mansion House II will be positive step for DC schemes

PP survey finds no consensus on whether new compact will be a step forward for DC sector

Martin Richmond
clock 02 May 2025 • 2 min read
Trustpilot