The government’s announcement of mandatory pooling of local government pension schemes certainly made waves, but, three years on, how are the new mega pools shaping up? Karen Day reports.
The challenges facing local government pension schemes may overlap, but need not be insurmountable, writes Tiffany Tsang of the Pensions and Lifetime Savings Association
Tributes have been paid to Kieran Quinn, the leader of Tameside Council and chair of the Local Authority Pension Fund Forum, who died over the Christmas period.
Further reforms are needed to cope with ageing populations as global public spending on pensions has risen by about 1.5% of GDP since 2000, the OECD has said.
The number of women receiving the state pension has dropped by more than 1.1 million between 2010 and 2016, an Institute for Fiscal Studies report has found.
Pensioners are £20 a week better off on average than people of working age, after a wave of affluent individuals reached retirement age, the Resolution Foundation has found.
Labour’s shadow chief secretary to the Treasury Rebecca Long Bailey has called for pension scheme members across local government to be given a greater say in where investments are made.
