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...
Local government pension schemes in Lincolnshire, South Yorkshire and Tyne and Wear have invested a combined £97m into a ten-year residential investment fund.
The Universities Superannuation Scheme deficit has widened to £21.5bn, more than 50% higher than the previous £13bn estimate in July, according to the Institute for Fiscal Studies.
Local government minister Luke Hall has asked councils to apply the £95,000 exit payment cap to pension schemes before regulations are formally introduced – a move one lawyer called a “load of...
Two experts face off over proposed changes to transitional arrangements relating to the 2015 NHS, Teachers, Fire Service, Police, Civil Service and Armed Forces pension schemes.
Sarah Lamont, partner and specialist employment lawyer at law firm Bevan Brittan, looks at how LGPS will be affected by the upcoming local government exit payment caps.
Public sector members of the Local Government Pension Scheme aged over 55, who are made redundant and wish to take early retirement as result, will face “significant” cuts to their benefits if...
