Public sector pension liabilities reach £993bn

clock •

Unfunded pension promises made to past and present UK public sector workers now amount to £993bn, Towers Watson calculations reveal.

The consultant said this is £223bn more than the latest official estimate of unfunded public sector pension liabilities of £770bn March 31, 2008. It said its up-to-date estimate took account of ...

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

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Mansion House speech a 'missed opportunity' for DB pensions sector

Government publishes Pensions Investment Review interim report and launches consultations on DC and LGPS

More on Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment
Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
Martin Richmond
clock 14 November 2024 • 1 min read
DB surpluses hit record £208bn in October, XPS finds
Defined Benefit

DB surpluses hit record £208bn in October, XPS finds

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

Holly Roach
Holly Roach
clock 13 November 2024 • 1 min read
UK DB profit warnings reach highest quarterly level of 2024
Defined Benefit

UK DB profit warnings reach highest quarterly level of 2024

EY-Parthenon finds Q3 saw a 33% increase compared to Q2

Martin Richmond
Martin Richmond
clock 13 November 2024 • 2 min read
Trustpilot