The deadline to pool assets under the Local Government Pension Scheme may be unrealistic, while concerns over potential conflicts of interest under the new arrangements have not been fully addressed...
Asset pooling under the Local Government Pension scheme must be completed by next March, with “limited flexibility” for funds still thrashing out new arrangements, the government has confirmed.
The £392bn of assets held under the Local Government Pension Scheme should be harnessed to tackle chronic underinvestment in affordable and social housing, according to a leading think-tank.
A local government pension fund has criticised ministers’ decision to reject its proposal for pooling, arguing it has “blazed a trail” for responsible investment.
The government faces a warning that its plans for greater consolidation of LGPS assets risk weakening returns, as well potentially creating conflicts of interest and undermining democratic...
Major Local Government Pension Scheme consolidation is on the cards as part of a radical shake-up of the pensions market aimed at generating long-term investment.
Robustly analysing climate risks will be critical if local government pension scheme funds are to withstand intensifying regulatory pressure, local authorities have been told.
Higher investment returns across the Local Government Pension Scheme should not lead to reductions in employer contributions, despite sector-wide financial constraints, the Scheme Advisory Board has...
The potential for an auditor intervention over the accounting for a £70m loan has forced Plymouth City Council to apply for exceptional government support.
Low investor confidence in the UK and the need to direct domestic money to development projects mean the UK Infrastructure Bank wants to work “much harder” to bring sources of public finance together...
LGPS funds should keep an eye on developments as the country, and the world, move towards net zero, writes Iain Campbell, senior investment consultant at Hymans Robertson.
The government has published statutory guidance seeking to restrict the level of exit payments made to local government employees above statutory or contractual limits.
A new procurement framework for Local Government Pension Schemes has been launched, with the organiser saying the ability for funds and pools to procure quickly and efficiently has “never been so...
A county council has decided to write off more than £2m in overpayments made to retired members of its pension scheme, saying to recover them would not be cost effective.
