'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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Rolls-Royce and PIC agree £4.3bn buy-in, seven LGPS funds intend to join Border to Coast, IHT on pensions pre-55 slammed

Professional Pensions
clock 15 August 2025 • 1 min read
Four Access funds formally declare intent to join LGPS Central

Four Access funds formally declare intent to join LGPS Central

Hampshire, Isle of Wight, Norfolk and Suffolk have signalled they wish to join the pool

Holly Roach
clock 15 August 2025 • 2 min read
Good News Corner: Quantum Advisory announces winner of 2025 maths prize

Good News Corner: Quantum Advisory announces winner of 2025 maths prize

Swansea University graduate Jessica Gaule awarded prize in recognition of her final year project

Martin Richmond
clock 15 August 2025 • 3 min read
Trustpilot