The Local Government Pension Scheme Advisory Board has updated its investment code to require cost breakdowns from third-party fund managers, in an attempt to improve transparency.
The administrative costs of Local Government Pension Schemes rose again last year, with one expert putting the rise down to due a rise in asset values.
The government's response to its consultation on the cost control mechanism for public pension schemes leaves a number of unanwered questions, says Barry McKay.
A decision by the government made this week for an economic check could make it harder for local government employers to meet pension obligations, according to an expert.
A London borough’s pension fund has moved £45m into a dedicated investment fund aimed at creating social and environmental benefits within the capital.
Scotland’s largest Local Government Pension Scheme has reported a suspected £300,000 fraudulent claim to the police, after it was revealed a deceased pensioner was receiving pay-outs.
The Government Actuary’s Department has proposed new measures to allow greater flexibility over action taken due to rises or falls in public pension fund costs.
The London Borough of Croydon is set to drop plans to transfer homes built by subsidiaries into its pension fund to help reduce employer contributions.
Around half of Local Government Pensions Scheme assets have been transferred to investment pools, despite a dip due to Covid-19, a senior civil servant said.
New government guidance will aim to improve reporting and transparency by Local Government Pension Scheme pools to bring them into line with international funds, a civil servant said today.
The government actuary’s assumptions on life expectancy will be critical in assessing the costs for the Local Government Pensions Scheme coming as it emerges from Covid-19, according to an industry...
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.
