Tory peer warns Osborne over LGPS increase

clock

The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.

Tory peer Baroness Eaton wrote to Chancellor George Osborne warning him plans to raise an extra £900m of income by 2014/15 by raising contributions by 3 percentage points will lead to a massive opt...

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

Hymans Robertson launches scheme data management service

Hymans Robertson launches scheme data management service

Consultancy says its Precision service will help DB schemes assess if their data is ‘fit for purpose’

Martin Richmond
clock 23 April 2026 • 2 min read
Clara announces superfund deal with the Videndum DB Pension Scheme

Clara announces superfund deal with the Videndum DB Pension Scheme

Deal is Clara’s fifth and the first to make use of its smaller schemes open section structure

Jonathan Stapleton
clock 21 April 2026 • 6 min read
DB schemes lack consensus on how to distribute surplus assets to members

DB schemes lack consensus on how to distribute surplus assets to members

Aon poll finds some favour topping up DC pots and others prefer providing cash lump sums

Holly Roach
clock 20 April 2026 • 2 min read
Trustpilot