UK local government pension liability doubles

The UK government has massively understated the cost of its public sector pension provision, which now stands at over £1 trillion pounds - nearly double the official estimates - according to a report by think tank, the Institute of Economic Affairs (IEA).

The £1 trillion figure dwarfs the government's official estimate of £530 billion, with the IEA claiming that the triple impact of revised mortality, significant increases in public sector pay and the government's use of outdated discount rates

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here