Research and analysis

Managing risks in public service pension schemes: thoughts on measures and control mechanisms

The Government Actuary sets out some thoughts on appraising long term risks for public sector pension schemes.



In a series of reports picking out significant elements of the Whole of Government Accounts, the National Audit Office has recently published an illuminating report on public service pensions. This is to be welcomed as, however one measures them, public service pension liabilities are very large. This document provides details of the Government Actuary’s thoughts on this topic, as set out in GAD’s July 2016 newsletter.