Today the Department for Communities and Local Government (DCLG) launched a call for evidence into co-operation and cost reduction in Local Government Pension Scheme (LGPS).
Alongside the consultation (PP Online 21 June) DCLG also published scheme data on costs for 2011-12. Below are the key statistics. The largest scheme by members is Tameside, with 269,969, followed...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter