Marvin OnumonuThe Government Actuary’s Department (GAD) set up a Public Sector Defined Contribution (PSDC) pension scheme working group.
The group brought together colleagues from the Cabinet Office, Department of Health & Social Care, Department for Work & Pensions, Department for Education, Ministry of Housing, Communities and Local Government, HM Treasury, Independent Parliamentary Standards Authority, Nest, Great British Energy, Great British Energy – Nuclear, and the Scottish Public Pensions Agency.
Membership of the group is open to all public sector organisations with an interest in defined contribution (DC) pension schemes.
The group aims to connect public sector colleagues, share knowledge, review approaches, improve understanding of challenges, and promote good practice for analysis and resilience solutions relating to public sector defined contribution pension schemes.
The goal is to improve governance, support better outcomes for members, and ensure value for money from public sector pension contributions.
Darren Kidd, lead for the PSDC working group, said: “We support policy makers and operational teams with actuarial analysis and advice, helping to ensure DC pension provision is value for money, secure, and supports members as they plan for and move into retirement.”
The group will meet quarterly to talk about risks and opportunities in DC pensions, based on issues raised by members.
The first meeting covered the annual review of Civil Service DC pension arrangements for the Cabinet Office, and a summary of key topics from the current Pension Schemes Bill.
The next meeting will be in May 2026.
