NAO: Treasury has failed to plan for rise in public sector scheme costs

clock

The Treasury has failed to plan for changes in the size of the public sector when calculating pension costs, a National Audit Office report claims.

The audit body said total payments to the more than two million pensioners in the UK's four largest pay-as-you-go pension schemes - the Armed Forces Pension Scheme, the Principal Civil Service Pens...

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 Defined Benefit

Partner Insight Video: Endgame strategies for defined benefit pension schemes

Partner Insight Video: Endgame strategies for defined benefit pension schemes

Matthew Arends, partner and head of retirement policy at Aon
clock 27 February 2025 • 1 min read
Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Martin Richmond
clock 27 February 2025 • 2 min read
BAA Pension Scheme posts funding improvement after discount rate rise

BAA Pension Scheme posts funding improvement after discount rate rise

Heathrow Airport scheme deficit now stands at £99m, down from £128m at end of 2023

Jonathan Stapleton
clock 26 February 2025 • 1 min read
Trustpilot