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...
The government has announced it will introduce a bill aiming to ensure “equal treatment” of public service pension members, following the landmark McCloud ruling.
Civil service unions are threatening the Treasury with a push for a judicial review over “diabolical” proposed changes to pension scheme benefits, following the McCloud judgement.
A local government pension scheme has invested a further £50m into a London-focused investment fund it created to finance home-building in the capital.
Former prime minister David Cameron lobbied the government to adopt a scheme to convert NHS pay into bonds on behalf of now-insolvent firm Greensill Capital, according to a report.
The body representing universities has proposed greater employer support to the university pension scheme to help offset a widening deficit in the fund.
Public service pension schemes will continue to handle separate payments for historic provisions, after the government deemed a potential replacement as too resource intensive.
New guidance provides more certainty over the process allowing an employer to exit the Local Government Pension Scheme, says Richard Warden partner and actuary at pension advisors Hymans Robertson.
The government’s decision to revoke the £95,000 exit payment cap is likely to cause work for public sector bodies in a number of areas, according to Sarah Lamont, employment lawyer at law firm Bevan...
The Treasury has revoked regulations restricting public sector exit payments in England – on the eve of a deadline for it to submit its response to a legal challenge on the issue.
Most people will be glad to see the back of 2020. However, those in LGPS circles will find it hard to fully erase its memory as announcements made during the year will affect resources into 2021 and...
The exit payment cap for Local Government Pension Schemes in England can be relaxed for some employees on “compassionate grounds”, the government has said.
The government has been given until 10 December to respond to a legal challenge over local government exit payments tabled by two local authority groups, their lawyer has told PF.
Local Government Pension Scheme funds in England and Wales reported a negative cashflow position again last year, as schemes paid out £900m more in benefits than they received, according to...