LGPS

More than two million public sector workers, including local government pension scheme members, are staging a 24-hour walk out today over Lord Hutton's pension reform proposals.

Cabinet ministers are urgently reviewing proposals to merge the Local Government Pension Scheme into a single superfund to improve its governance structures, Professional Pensions understands.

Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.

Andrew Short looks at the number of threats to the cashflows of the Local Government Pension Scheme

Merseyside Pension Fund is set to widen the collateral permitted for use in its securities lending programme in a bid to boost its revenue by 20%.

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

Delays to ‘Fair Deal' changes are leading private employers to negotiate bad pension deals for new employees because of confusion over government plans, industry figures say.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.

UK - The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.