DCLG

Fund management and administration charges levelled on the Local Government Pension Scheme surged to a record high of £437m last year despite just a £124m increase in investment income, government statistics show.

Local Government Pension Scheme reforms are in disarray after union bosses withdrew their agreement following a last minute policy shift by government on employer contribution rates.

DCLG head of pay and pensions indicates Treasury is prepared to merge savings with Hutton reforms.

More than half of Local Government Pension Scheme members, nearly two million people, will opt-out if government increases employee contributions, union research says.

Government has launched a consultation into increasing employee contribution rates for the local government pension scheme in a bid to save £900m.

Local government pension scheme employers are urging government to allow changes to member accrual rates instead of increasing contributions as part of public sector pension reform plans.

A 12-week government consultation to save £900m from the LGPS will launch at the end of September even though plans on how to achieve the savings are still to be agreed.

Unions and local councils are on collision course with central government after sources revealed officials were set to miss the September deadline to deliver LGPS reform proposals.

Councils have been given just six weeks to come up with a package of reforms to slash £900m from taxpayer contributions to the Local Government Pension Scheme.