LGPS

Employers are looking to cut contributions

The Pensions Ombudsman (PO) has ruled in favour of a deferred member of the Local Government Pension Scheme (LGPS) who sought early access to her pension.

Plans to release public funds on setting up a special purpose vehicle (SPV) for Newham Pension Fund have been called in by the council's overview and scrutiny (OS) committee following concerns.

The decision to increase public sector employee pension contributions is expected to net the Treasury an extra £2.9bn in 2014-15, according to official figures.

London Pension Fund Authority (LPFA) chairman Edi Truell is to step down to take up a position advising London Mayor Boris Johnson on pensions.

Greater Manchester Pension Fund (GMPF) has committed £10m to a company that funds small-scale renewable energy projects across the country.

Tony Williams highlights what the LPFA is doing to ensure employers within the fund are as secure as possible.

A proposed cap on redundancy payoffs in the public sector could limit early pension payments from the local government pension scheme (LGPS).

Barnett Waddingham and the Chartered Institute of Public Finance & Accountancy (CIPFA) have partnered to provide support and training for pension board members in the local government pension scheme (LGPS).

Top stories this week include the Pensions Ombudsman's dismissal of a GMP equalisation claim; the MIRA Retirement Benefits Scheme's £70m buyout; and Newham Council's proposal for an asset-backed contribution structure.