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UK expects valuations of 20 public service pension schemes to finish in 2026–27

KROV newsroom

13 Nov 2026, 8:24 pm IST1 min read

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Painted illustration of a paper ledger and pencil

Valuations of 20 UK public service pension schemes are underway and due for completion in the 2026–27 financial year, the Government Actuary’s Department said in its annual report published on 12 November. The valuations use data as of 31 March 2024. Their results determine employer contribution rates and help assess whether action is needed under the schemes’ cost controls.

The report also says the department helped prepare disclosures for unfunded public service pension schemes covering more than £1 trillion in accounting liabilities. That figure describes the obligations covered by the disclosures. The department’s own fee income for the year ended 31 March 2026 was £29 million.

Cover image is an AI-generated editorial illustration.

Sources and credits

Credit: Government Actuary’s Department, Annual Report and Accounts 2025–26, GOV.UK. Crown copyright. · Summarised/translated by KROV · Contains public sector information licensed under the Open Government Licence v3.0.

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