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LOCAL Government Pension Scheme spending on benefits increased by £400m in the year to April 2008, latest government figures reveal.

Schemes should become more open to utilising the experience of recently retired members on the trustee board, the Occupational Pensioners' Alliance says.

Public sector pensions are still three times more valuable than most private sector arrangements despite government reforms, the Pensions Policy Institute says.

THE Local Government Association has called for an inquiry into credit rating agencies, after millions of pounds of council assets were frozen in Icelandic banks.

PAUL SEYMOUR is set to stand down as chairman of the Board for Actuarial Standards .

RISING inflation will have a number of implications for pension schemes, Watson Wyatt says.

The aggregate funding position of 7800 defined benefit funds monitored by the Pension Protection Fund fell by £43.6bn in September.

Trade union GMB is to hold talks with the energy regulator Ofgem today over fears proposals from the watchdog will lead to pension benefits being reduced.

The National Association of Pension Funds has rebuffed suggestions it is a "big club for defined benefit" schemes.

The Pension Protection Fund transferred another four collapsed pension schemes to its control last month.