Question to the Cabinet Office:
To ask His Majesty's Government, further to Civil Superannuation Annual Report and Accounts 2023-24, published 18 December 2024 (HC 481), what factors explain the increase in administrative costs in 2023–24 compared to 2022–23, and whether they will provide a breakdown of cost drivers for material elements of that increase.
The increase in the administration cost is driven by the future services procurement programme aimed at supporting the transition to a new scheme administrator by December 2025, and the 2015 remedy programme that addresses and removes the age discrimination in the transition from older public sector pension schemes to the new Career Average Revalued Earnings (CARE) scheme.
Further details of both projects can be found in the Civil Superannuation Report and Accounts for 2023-24. There is no requirement to provide a breakdown of these cost drivers in the annual report and accounts.