Public sector liability calculation method criticised

clock

A government committee has trashed the use of corporate bond yields to calculate public sector pension liabilities due to the "continuing instability" of annual discount rates.

The Public Accounts Committee, which last week published its final report into government accounts, said the Treasury should move to a flat rate discount to reduce volatility in liabilities, which ...

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 Legislation

Industry warns of 'damaging' impact of pre-Budget speculation

Industry warns of 'damaging' impact of pre-Budget speculation

Commentators say speculation on pension issues has negatively impacted saver confidence

Jasmine Urquhart
clock 27 November 2025 • 3 min read
Pension IHT changes needed as current plans described as 'unfair'

Pension IHT changes needed as current plans described as 'unfair'

LCP says new rules should be implemented ‘fairly and effectively’

Jasmine Urquhart
clock 03 November 2025 • 2 min read
Employer salary sacrifice should be 'dialled down'

Employer salary sacrifice should be 'dialled down'

Resolution Foundation says employer NI should be extended to cover more pensions

Jasmine Urquhart
clock 23 September 2025 • 1 min read
Trustpilot