Trade union Unison has further rebuked a government plan to cut local government pension costs, labelling it a "dangerous financial gamble" for UK equity markets.
The union said undermining the investment power of the Local Government Pension Scheme, which owns 1.5% of shares in the top ten companies in the FTSE100 and almost 2% of shares in UK banks, could ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
