The value of Kent County Council’s pension scheme investment in the troubled Woodford fund has fallen by £36m, figures from the local authority have revealed.
Current redundancy terms for civil servants will remain in place until at least the end of this year, the government has told the Public and Commercial Services Union.
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...
A survey by the British Medical Association trade union has found 42% of GPs have reduced their hours to avoid being excessively taxed on their pensions.
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.
Boris Johnson will not reverse damage done to staff morale and salaries with a promise to end public sector wage freezes in the future, unions have said.
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.
Real income growth has ground to a halt after five years of recovery, with lowest income households hardest hit because of cuts in benefits and tax credits.
Civil servants are in line for a pay increase of up to 2% this year – with the potential for higher increases in departments that are undergoing transformational reform or struggling to recruit.
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.