The Local Government Pension Scheme should increase its retirement age to 66 and limit pensionable pay to £75,000 a year, the London Pensions Fund Authority says in its submission to the Public Service Pensions Commission.
UK - The London Pensions Fund Authority is considering teaming up with other schemes to help improve its shareholder engagement in emerging markets.
The Pension Protection Fund has unveiled details of a long-term funding strategy to be financially self-sufficient by 2030.
Lord John Hutton should consider shifting public sector pensions to a career average structure to address the inequalities of final salary provision, local government employers say.
More than half of employers support auto-enrolling employees into a workplace pension scheme, Department for Work and Pensions research has found.
UK - Public sector pension scheme liabilities are driving a national debt of £5trn ($7.7trn) and cannot be ignored, the Institute of Economic Affairs says.
Public sector pension scheme liabilities are driving a national debt of £5trn and cannot be ignored, the Institute of Economic Affairs says.
The coalition government's pensions tax relief proposals risk "pulling the rug" from underneath occupational provision, a consultant warns.
Association of Consulting Actuaries chairman Stuart Southall has hit the auto-enrolment nail on the head in this week's exclusive interview.
The National Association of Pension Funds is backing auto-enrolment and NEST in the main but says the finer details around scheme-based certification need clarification.