Council contractors unaware of end of contract pension costs

Jonathan Stapleton
clock

More than two-thirds of contractors who take on outsourced local authority services are unaware of potentially crippling pensions costs at the end of their contract, Punter Southall research reveals.

The consultant's poll of 14 organisations revealed a widespread lack of awareness that councils often use much weaker assumptions to assess LGPS pension values at the start of a contract than they ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Endgame complexities may boost demand for professional trustees, Hymans says

Endgame complexities may boost demand for professional trustees, Hymans says

Firm says need for professional trustees may grow in short-term but could be ‘dampened’ in the long-term

Martin Richmond
clock 05 February 2026 • 2 min read
LGPS Central to launch pooled global credit fund

LGPS Central to launch pooled global credit fund

Capital Group, J.P. Morgan Asset Management and Neuberger Berman hired as managers.

Jonathan Stapleton
clock 03 February 2026 • 2 min read
Vast majority of DB members confident about their pension

Vast majority of DB members confident about their pension

But insurer says confidence plummets at times of change, such as during a buyout process

Jonathan Stapleton
clock 02 February 2026 • 2 min read
Trustpilot