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...
Moving to a four-day working week for the public sector would boost productivity, create jobs and benefit the regions hit hardest by austerity, a report has argued.
Northamptonshire County Council has approved proposals for West Northamptonshire to be the administering authority of its pension fund when the authority comes into force next year.
Local Government Pensions Schemes will be given greater flexibility to review contributions rates under new proposals from the government following Covid-19.
A remedy to age discrimination identified within 2015 Local Government Pension Scheme reforms is in sight – but implementing it will be a major headache for administrators, say Richard Warden and Ian...
New proposals to rectify discrimination introduced by 2015 reforms to the Local Government Pension Scheme will cost employers £2.5bn, the government has estimated.
The government has unveiled long-awaited proposals to end age discrimination in public sector pension schemes, although changes to the Local Government Pension Scheme will have to wait for a separate...
Economists have warned against the introduction of a universal basic income across Scotland as part of a knee-jerk reaction to the coronavirus pandemic.
Social care workers in Scotland are set to receive an immediate 3.3% pay increase, backdated to 1 April – following negotiations around increasing their pay to the real living wage.
Last week, the government announced amendments to the LGPS regulations around the payment of exit credits, Richard Warden explores the implications for council pension funds.
A 10% pay rise for council staff in England, Wales and Northern Ireland is affordable and would benefit the government through savings on benefits and increased tax revenues, unions have said.