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.
People currently under the age of 30 might have to wait until 70 to qualify for a state pension, if ministers adopt a report from the government’s risk assessment department.
A pensions investment initiative, which includes two council schemes, has set out its first £125m funding plan as part of a drive to boost infrastructure investment.
Facts and figures from the Jan/Feb 2016 edition of Public Finance, including employment trends, pensions, cool welcomes across Europe, the perils of perception and a postmortem of election polling
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...
UK pension reforms may well fall down in practice unless the economy and employment levels stay strong, the Organisation for Economic Cooperation and Development has warned.
The West Midlands Pension Fund is the first public sector body to be awarded CIPFA’s Governance Mark of Excellence, which recognises excellence across seven core governance principles.
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.
A round-up of facts and figures from the November 2015 edition of Public Finance, looking at the living wage, apprenticeships versus degrees, the productivity puzzle and Brexit opinions
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.
Controversial public sector pension reforms being introduced today for teachers and NHS staff still leave the schemes ‘relatively generous’ compared to the private sector, an analysis has found.
There’s little evidence to suggest that workers with defined contribution pension pots have the financial savvy to make wise choices with their money. A default automatic income plan would help...
