Scotland’s largest Local Government Pension Scheme has reported a suspected £300,000 fraudulent claim to the police, after it was revealed a deceased pensioner was receiving pay-outs.
The Government Actuary’s Department has proposed new measures to allow greater flexibility over action taken due to rises or falls in public pension fund costs.
Around half of Local Government Pensions Scheme assets have been transferred to investment pools, despite a dip due to Covid-19, a senior civil servant said.
New government guidance will aim to improve reporting and transparency by Local Government Pension Scheme pools to bring them into line with international funds, a civil servant said today.
The government actuary’s assumptions on life expectancy will be critical in assessing the costs for the Local Government Pensions Scheme coming as it emerges from Covid-19, according to an industry...
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.
CIPFA has urged local government pension scheme administrators to develop their own comprehensive risk management framework as it issued revised guidance in this area.
