Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the extent of progress by the Government Actuary's Department in conducting a factors review of Public Sector Pension Schemes.

The Government Actuary’s Department (GAD) regularly review and, if appropriate, revise the actuarial factors in use in the Public Service Pension Schemes. In May 2026, a new SCAPE discount rate was announced. Updated factors for all the public service pension schemes were provided by GAD to scheme administrators within 11 days of the announcement. The factors are available on the GAD guidance hub and further details are available here: https://www.gov.uk/government/news/public-service-pension-schemes-new-cetv-factors