LGPS

Government has launched a consultation into increasing employee contribution rates for the local government pension scheme in a bid to save £900m.

The £10m publicity drive for auto-enrolment could tempt council pension scheme members to opt-out and move into "inferior, cheaper alternatives", the Merseyside Pension Fund warns.

The £1.5bn Dorset County Pension Fund has appointed JLT Investment Consulting to help it select a new bond manager.

The final phase a cost sharing research exercise for Scottish local government pension schemes could be shelved after initial findings dismissed plans to merge 11 funds.

Why the unions are right to strike (and why the government must stand firm)

A 12-week government consultation to save £900m from the LGPS will launch at the end of September even though plans on how to achieve the savings are still to be agreed.

Proposals to implement a new LGPS with lower accrual rates could be used as a short-term fix to generate millions of pounds in savings required from the scheme by Treasury next year.

Unions and local councils are on collision course with central government after sources revealed officials were set to miss the September deadline to deliver LGPS reform proposals.

Northumberland County Council Pension Fund has appointed Northern Trust to provide it with transition management services.

Trade union Unison has further rebuked a government plan to cut local government pension costs, labelling it a "dangerous financial gamble" for UK equity markets.