Question to the Cabinet Office:
To ask His Majesty's Government whether they have conducted an analysis comparing the per-member administrative costs of the (1) Civil Service Pension Scheme, (2) NHS Pension Scheme, (3) Teachers' Pension Scheme, (4) Armed Forces Pension Scheme, and (5) Local Government Pension Scheme, to comparable private sector schemes; and if so, whether they will place a copy of that analysis in the Library of the House.
The Civil Service Pension Scheme (CSPS) is a participant in an annual benchmarking of both public and private sector pension schemes, provided by an external supplier for schemes willing to participate in the benchmarking survey.
The benchmarking outlines the CSPS administration, compared to a peer group of 11 schemes of similar size and nature , including those mentioned in the question.
The benchmarking report contains information on the ‘per member costs’ associated with the CSPS, benchmarked against the 11 peer groups.
As was the case under the previous administration, these annual benchmarking reports are not published.