LGPS

Leading local government pension scheme figure Ian Greenwood has lost his seat on Bradford City Council removing him as chair of the £7.9bn West Yorkshire Pension Fund.

Strain on local government pensions is speeding up their maturity faster than previously thought, a leading consultant says.

A union and pension consultancy firm has criticised a "flawed" study by a taxpayer group showing a £54bn shortfall in the Local Government Pension Scheme.

A low-cost section of the Local Government Pension Scheme is being backed by a trade union to stop "under pressure" council workers from deserting the scheme.

London councillors are exploring plans for a £30bn pan-London pension fund merging the assets of Transport for London, the City of London Corporation and 33 borough councils.

Prudential has introduced an "early exit penalty" for new local government pension scheme members making short-term additional voluntary contributions to cover lost fund management charges.

The £1bn London Borough of Camden pension fund has appointed BlueCrest Capital Management to run a £50m fund of hedge fund mandate.

Government's promise to protect people within ten years of retirement from losing out under public sector pension changes will safeguard less than 1% of members, estimates suggest.

Reformed public sector pension schemes will have to undergo further changes within the next 25 years, undermining claims the settlement will last a generation, Lord Hutton says.

South Yorkshire Pension Fund has launched a campaign to highlight the "frightening" amounts of money members will lose in benefits if they opt out of the scheme.