The Local Government Association has acknowledged that deficits in the Local Government Pension Scheme are “challenging” for councils and has pledged to work with funds to introduce asset pooling in...
Eight local government pension schemes across the Midlands have developed a plan to pool their assets into a £35bn single investment fund as part of government-backed reforms to the sector.
The Local Government Pension Scheme risks running out of money to meet pension entitlements despite reforms intended to approve affordability, a report has warned.
CIPFA has sounded a note of caution over government plans to establish six “British Wealth Funds” by encouraging Local Government Pension Scheme funds to pool their assets and increase...
The Local Government Pension Scheme spent a total of £12.1bn in 2014/15 against income of £15.2bn and management costs appear to have risen significantly, government figures revealed.
Moves to create six British Wealth Funds from local government pension fund assets is an opportunity to improve governance across the sector, a senior figure told a CIPFA event at the Conservative...
The assets of the 89 local government pension funds in England and Wales are to be pooled into six new British Wealth Funds as parts of efforts to overhaul infrastructure financing, Chancellor George...
Pensions expert Michael Johnson has called on public sector pension schemes to “get on the front foot” and develop further reforms in the face of a “cashflow crisis”.
The summer Budget heralded the beginning of a new round of reform for the Local Government Pension Scheme. Funds are now working together in an effort to become masters of their own destiny
A partnership between two local government pension schemes to pool £10bn of assets represents the sector “taking its destiny in its own hands”, one of the leaders of the project has...
Tackling local government pension scheme deficits should be the main focus for newly appointed local government secretary Greg Clark, according to a survey out today.
A review of the Local Government Pension Scheme has ruled out mergers of the 89 funds in England, but has concluded that as much as £660m a year could be saved through greater use of common...
The Local Government Pension Scheme is undergoing a number of changes, including greater scrutiny of valuation assumptions. Chief finance officers need to ask the right questions to avoid any...
