The ‘triple lock’ makes the state pension too expensive and unpredictable and ministers should replace it with a new target level and wider overhaul of the pensions system, a study has recommended.
The deadline to pool assets under the Local Government Pension Scheme may be unrealistic, while concerns over potential conflicts of interest under the new arrangements have not been fully addressed...
Manchester City Council and the Greater Manchester Pension Fund have joined together in a partnership that aims to deliver affordable homes across the city.
Asset pooling under the Local Government Pension scheme must be completed by next March, with “limited flexibility” for funds still thrashing out new arrangements, the government has confirmed.
The Public and Commercial Services Union will hold a national ballot on strike action by mid-September if there is no progress on its demands for pay and job security.
The leaders of failing NHS trusts could see their pay docked by £15,000 as part of a government drive to use senior salaries to improve performance across the health sector.
The £392bn of assets held under the Local Government Pension Scheme should be harnessed to tackle chronic underinvestment in affordable and social housing, according to a leading think-tank.
A local government pension fund has criticised ministers’ decision to reject its proposal for pooling, arguing it has “blazed a trail” for responsible investment.
Any pay rise above the 3.2% now on the table for council workers would be “well beyond” the level of affordability of many authorities, local government employers have said.
Chancellor Rachel Reeves is under pressure to release an emergency bridging fund to reduce the impact of rising national insurance contributions on the care sector.
The government faces a warning that its plans for greater consolidation of LGPS assets risk weakening returns, as well potentially creating conflicts of interest and undermining democratic...
Major Local Government Pension Scheme consolidation is on the cards as part of a radical shake-up of the pensions market aimed at generating long-term investment.
Public sector employers will need to divert money from pensions into pay if they are to stem a recruitment and retention crisis across the sector, a leading think-tank has said.
The Scottish Government will struggle to balance its budget after tying its hands with generous public sector pay deals, Scotland’s independent economic forecaster has warned.
