'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: Do you plan to increase your investments in private markets this year?

Buzz: Do you plan to increase your investments in private markets this year?

Private markets investment, member interest in pensions and 2026 PRT buy-in volumes

Professional Pensions
clock 05 January 2026 • 1 min read
Towergate Employee Benefits rebrands as Everywhen

Towergate Employee Benefits rebrands as Everywhen

New name is being rolled out across all assets, ‘bringing everything under one umbrella’

Holly Roach
clock 05 January 2026 • 1 min read
Pensions UK finds 'notable shift' in attitudes towards pensions

Pensions UK finds 'notable shift' in attitudes towards pensions

Organisation says pension contributions are a growing priority for savers

Holly Roach
clock 05 January 2026 • 1 min read
Trustpilot