The government has ruled out merging council pension funds in favour of promoting common investment vehicles for the Local Government Pension Scheme (LGPS), in an effort to save £660m annually.
The Department for Communities and Local Government (DCLG) published its consultation response on the structure of the LGPS a year after local government minister Brandon Lewis warned he would "not...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
