In a paper on the £178bn Local Government Pension Scheme (LGPS) Michael Johnson claims the fund is leaking £1bn a year through inefficiency and poor governance. Here are nine proposals to fix things.
1) The LGPS's 89 disparate funds should be restructured as a single fund, the Local Government Investment Fund (LGIF). 2) The LGIF should comprise of four competing asset allocators. Each would receive...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.