Provisions for the Local Government Pension Scheme's (LGPS) new governance structure will not be in place when the scheme goes live in April 2014, the Department for Communities and Local Government (DCLG) says.
The Department for Communities and Local Government (DCLG) is expected to launch a call for evidence into a merger of local government pension scheme (LGPS) funds.
The Department for Communities and Local Government (DCLG) has launched a consultation into councillor access to the local government pension scheme.
Croydon Pension Fund is the latest local government pension scheme to add infrastructure to its investment portfolio.
The Department for Communities and Local Government has raised the limit for local government pension funds' investment in limited partnerships from 15% to 30%, paving the way for more exposure to infrastructure.
Department for Communities and Local Government is continuing discussions with unions on Local Government Pension Scheme 2014 regulations ahead of the publication of a second consultation later this month.
The government will consult on excluding local councillors from the local government pension scheme in a bid to save £7m per year.
Local government pension schemes sometimes show "inconsistencies" in their valuations, Bob Holloway, head of the LGPS2 Division at the Department for Communities and Local Government says.
Local government pension schemes could see limits on investment in infrastructure projects doubled, allowing almost £45bn to be pumped into local housing and transport.