Total pension liabilities 'rise by £1trn' in five years

When the ONS last measured total pension promises across workplace and state provision, at the end of 2010, they stood at £6.6trn. Of the total £7.6trn, state pension accounted for about £4trn, £917bn was linked to unfunded public sector pensions and £300bn to the Local Government Pension Scheme. Occupational pension scheme liabilities now total £2.3trn, including about £2trn in private defined benefit schemes and £200bn in trust-based defined contribution schemes.  Defined contribution schemes had about £240bn invested in them at by the end of 2015. Just over £300bn was in persona...