The Local Government Pension Scheme (LGPS) is at risk of falling into a cash flow crisis following years of lax governance, Centre for Policy Studies research fellow Michael Johnson has warned.
In a paper on the £178bn scheme, published today, he reveals that over the past six years total net cash flow surplus of the 89 funds has fallen by 36%. In 2012-2013, 30 funds suffered negative core...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers