'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

'Concerning' knowledge gap among UK adults about pensions

'Concerning' knowledge gap among UK adults about pensions

Aviva survey found less than half of respondents were able to correctly identify what a workplace pension is

Martin Richmond
clock 22 April 2025 • 1 min read
Buzz: Will a Mansion House Compact II be a positive step forward for DC schemes?

Buzz: Will a Mansion House Compact II be a positive step forward for DC schemes?

Mansion House Compact II, dashboards ecosystem connection, and MAIA framework

Professional Pensions
clock 22 April 2025 • 1 min read
News Digest: Fall in UK company pension contributions sparks calls for review

News Digest: Fall in UK company pension contributions sparks calls for review

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

Professional Pensions
clock 22 April 2025 • 1 min read
Trustpilot