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.
Pension savers want more responsible investment strategies but a clear policy framework is needed to enable a strong environmental, social and governance market, says Bright Blue’s Sam...
Health secretary Matt Hancock has announced a consultation on NHS pensions, after changes to rules appear to have resulted in a reduction of doctor hours.
The mishandling of a high-profile IT project has left Scotland’s public sector pensions body facing a budget gap of up to £23m over the next five years.
Extra pressure could be placed on the NHS as doctors reduce their workloads because of tax charged on pension contributions, according to the British Medical Association.
CIPFA has urged local government pension scheme administrators to develop their own comprehensive risk management framework as it issued revised guidance in this area.
The world of local government finance has seen massive changes in recent years, but updated guidance is available to help bridge the gap, explains consultant Peter Worth.
The government’s announcement of mandatory pooling of local government pension schemes certainly made waves, but, three years on, how are the new mega pools shaping up? Karen Day reports.
A police chief has blamed real terms funding cuts from central government for having to make “unprecedented” cuts in his force’s officer and staff numbers.
Central government will not financially abandon local authorities – even as grants are phased out in favour of business rate revenue, local government minister Rishi Sunak has promised PF.
Further reforms are needed to cope with ageing populations as global public spending on pensions has risen by about 1.5% of GDP since 2000, the OECD has said.
The transport provider FirstGroup has announced plans to consolidate its pension scheme assets within the Local Government Pension Scheme, in the first move of its kind by a private sector employer.
The number of women receiving the state pension has dropped by more than 1.1 million between 2010 and 2016, an Institute for Fiscal Studies report has found.