LGPS

Will LGPS reform be easy from here?

Here it is. The a handy table to compare the current (2008) LGPS with the newly agreed 2014 scheme.

Employers and unions have announced the details of a new local government pension scheme which will take effect from 1 April 2014. The scheme will have seven major features.

A levy on local authority schemes could be introduced to fund the creation of an independent national governance organisation aimed at improving standards and scheme performance.

The Local Government Association has urged the government to bring negotiations between unions and employers on Local Government Pension Scheme reforms to a "rapid conclusion" after ministers delayed approving the plans.

Conventional gilt holdings for local government pension schemes increased by £441m last year as rising prices and increased allocations boosted the value held by the LGPS, figures show.

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.