Trade union Unison has declared ‘war' on the government over public sector pension changes, warning the coalition it was heading for industrial turmoil over its reforms.
Pushing ahead with early access proposals would have risked greater dependency on the state pension and left schemes and providers in a "bureaucratic tangle", the National Association of Pension Funds says.
The Treasury should ditch plans to use GDP expectations to set public sector pension discount rates because it "fundamentally misrepresents" pension economics, leading figures say.
UK - The £1.3bn ($2bn) Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.
The £1.3bn Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.
Increasing public sector employee contribution rates is threatening a surge in opt-outs - putting Lord Hutton's call for affordable reforms at risk, a lawyer warns.
UK - Just a quarter of the UK pensions industry supports plans to make all schemes compliant with International Financial Reporting Standards, a poll shows.
Just a quarter of the UK pensions industry supports plans to make all schemes compliant with International Financial Reporting Standards, a poll shows.
Pension scheme investment into UK equities has more than halved over the past decade as funds move into bonds and index-linkers, figures show.
Lincolnshire County Council pension fund has re-appointed J.P. Morgan as its custodian and given the firm additional responsibility to undertake accounting and performance measurement services.