Most people will be glad to see the back of 2020. However, those in LGPS circles will find it hard to fully erase its memory as announcements made during the year will affect resources into 2021 and...
The exit payment cap for Local Government Pension Schemes in England can be relaxed for some employees on “compassionate grounds”, the government has said.
The government has been given until 10 December to respond to a legal challenge over local government exit payments tabled by two local authority groups, their lawyer has told PF.
Local Government Pension Scheme funds in England and Wales reported a negative cashflow position again last year, as schemes paid out £900m more in benefits than they received, according to...
Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
Local government minister Luke Hall has asked councils to apply the £95,000 exit payment cap to pension schemes before regulations are formally introduced – a move one lawyer called a “load of...
Sarah Lamont, partner and specialist employment lawyer at law firm Bevan Brittan, looks at how LGPS will be affected by the upcoming local government exit payment caps.
Northamptonshire County Council has approved proposals for West Northamptonshire to be the administering authority of its pension fund when the authority comes into force next year.
Local Government Pensions Schemes will be given greater flexibility to review contributions rates under new proposals from the government following Covid-19.
New proposals to rectify discrimination introduced by 2015 reforms to the Local Government Pension Scheme will cost employers £2.5bn, the government has estimated.
Last week, the government announced amendments to the LGPS regulations around the payment of exit credits, Richard Warden explores the implications for council pension funds.
A £30bn local government pension fund has threatened to halt investment in companies that fail to recognise the financial risks caused by climate change.
The transport provider FirstGroup has announced plans to consolidate its pension scheme assets within the Local Government Pension Scheme, in the first move of its kind by a private sector employer.
A probe into the competitiveness of pension investment consultancy firms could mean more regulation for organisations giving advice to local authorities but greater protection for clients.
Andrew Warwick-Thompson has been appointed chief executive of LGPS Central, which manages £40bn worth of assets for nine midlands-based Local Government Pension Scheme (LGPS) funds.
The Local Government Pension Scheme deficit has fallen £47bn to around £35bn, around half the level previously predicted, latest estimates from KPMG show.