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.
Public sector members of the Local Government Pension Scheme aged over 55, who are made redundant and wish to take early retirement as result, will face “significant” cuts to their benefits if...
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.
A remedy to age discrimination identified within 2015 Local Government Pension Scheme reforms is in sight – but implementing it will be a major headache for administrators, say Richard Warden and Ian...
New proposals to rectify discrimination introduced by 2015 reforms to the Local Government Pension Scheme will cost employers £2.5bn, the government has estimated.
The government has unveiled long-awaited proposals to end age discrimination in public sector pension schemes, although changes to the Local Government Pension Scheme will have to wait for a separate...
Local authority pension providers have been urged to suspend or amend any policies that abate pensions for retired key workers who return to work to help tackle the coronavirus pandemic.
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.
Handing Local Government Pension Scheme investments to ‘passive fund’ managers would spark pushback from the scheme’s stakeholders, CIPFA’s pensions advisor has told PF.
The Supreme Court has ruled in favour of a Northern Ireland woman who was denied Local Government Pension Scheme benefits after her long-term partner died suddenly.
The leader of the UK’s largest local authority has claimed asset management fees paid by local government pension schemes are “sucking in” money that could be used to offset...
Local government pension schemes may have paid out as much as £9bn in fees to fund managers over the last decade, almost double the reported figures, according to the Centre for Policy Studies.
