Ministers have outlined their plans for the future of the local government pension scheme after employers and unions brokered a framework agreement on how to implement Lord Hutton's reforms.
Treasury chief secretary Danny Alexander said "headline agreements" had been reached with LGPS negotiators, including unions and employers, to fix the gross cost ceiling for the scheme at 20.4%, with an...
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