Chart of the week: UK pension funds
Our chart this week is on the £2.0tn market value of funded occupational pension schemes on 31 March 2024 and how their assets are invested.
Many ICAEW members work in or with the public sector to deliver public priorities and strong public finances. ICAEW acts in the public interest to support strong financial leadership and better financial management across the public sector – featuring transparency, accountability, governance and ethics – to ensure that public money is spent wisely and that public finances are sustainable.
Join the Public Sector CommunityOur chart this week is on the £2.0tn market value of funded occupational pension schemes on 31 March 2024 and how their assets are invested.
King’s Honours: former chartered accountant Chris White has been active in district politics since 1998.
The Chancellor must put incentivising growth at the heart of the Budget, says ICAEW, as it calls for long-term fiscal planning, a fundamental review of the tax system and investment in skills and green technologies.
The OBR’s latest fiscal risks and sustainability report projects that public debt could reach 274% of GDP in 50 years’ time, or 324% if likely economic shocks are included.
The National Audit Office (NAO) has found that HMRC does not have a specific strategy for tackling tax evasion, and that a cross-government approach as well as a better use of HMRC’s powers could increase tax revenues.
Our chart this week is on the cost of government borrowing in the Eurozone, which on 4 September ranged from 2.17% for Danish 10-year bonds up to 3.59% for their Italian equivalents.
Recently released report identifies further work to be done in progressing the government’s goal of procuring more goods and services from small businesses.
Parliament may be in recess, but ICAEW remains busy preparing for the launch of new legislation on audit reform, the Budget and the political party conference season.