The Local Government Pension Scheme will become "unsustainable" following cuts outlined in last month's Comprehensive Spending Review, the GMB warns.
Seven Local Government Pension Scheme funds with £9.9bn under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.
UK - The government has today detailed plans on how the state pension age will rise to 66 by 2020.
UK - BT will reduce its scheme liabilities by £2.9bn ($4.7bn) after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.
BT will reduce its scheme liabilities by £2.9bn after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.
This week a group of Local Government Pension Scheme members in the South West - worth a combined £9.9bn - announced proposals to establish a framework to share actuarial, benefit and investment services, to be split into three ‘lots'.
As many as one in six employers could fail the auto-enrolment self-certification regime due to pensionable pay issues alone, lawyers warn.
The government has today detailed plans on how the state pension age will rise to 66 by 2020.
UK - Aviva's decision to close its final salary scheme will benefit the company's net asset value by about £275m ($442.6m), figures show.
Aviva's decision to close its final salary scheme will benefit the company's net asset value by about £275m, figures show.