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.
The infrastructure investment fund set up by Greater Manchester Pension Fund and the London Pension Fund Authority has expanded to include the funds that make up the proposed Northern Pool of LGPS...
Council pension funds can do more to help promote ethical behaviour in the companies they invest in, which would benefit members as well as local residents.
CIPFA and Aon Hewitt have issued guidance on investment pooling governance arrangements for the authorities administering the Local Government Pension Scheme in England and Wales.
CIPFA is to launch guidance on the governance principles for local government pension scheme asset pools following the submission of formal collaboration plans to government.
Employers joining the Local Government Pension Scheme (LGPS) may underestimate the obligations involved, the Pensions and Lifetime Savings Association (PLSA) has warned.
The chair of a major LGPS asset pool has said there will need to be a “mindset change” across the sector as part of a government drive to spread the practice.
Unison has called for changes in the law to ensure the independence of local authority pension funds to take investment decisions in the best interest of their members.
