LGPS

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.

Liberal Democrats, including pensions minister Steve Webb, have backed a wide-ranging pensions reform package put forward by experienced member-nominated trustee Janice Turner at its Spring Conference.

Listen to our latest Pensions Conjecture debate on LGPS Administration.

Professional Pensions is to hold an online debate to discuss Local Government Pension Scheme administration on 29 February at 11am.

Local Government Pension Scheme leaders and pension academics have called for a merger of 101 town hall pension funds into five standalone schemes to improve efficiency.