Local government pension schemes will be free to reform the fund and deliver savings to government without imposing a 3.2 percentage point increase on employees' contributions, PP understands.
UK - Doctors are urging local government pension schemes to ditch their investments in tobacco companies because they are "unethical" and lead to the death of thousands.
Doctors are urging local government pension schemes to ditch their investments in tobacco companies because they are "unethical" and lead to the death of thousands.
Fair Deal policy should be retained for the LGPS to ensure outsourced workers benefit from higher investment returns and cost savings, Greater Manchester Pension Fund says.
The recommendations of Lord Hutton may seem eminently sensible in a normal world, but the current parlous state of the public sector can hardly be regarded as normal.
Michael Bow talks political cherry picking
Hutton calls for rethink on pension changes; Auto-enrolment becomes a headache; Pension reform could trigger stock market chaos, coalition warned
Pensions Bill; Public sector pensions; Local government pension gap balloons to £71.5bn; Survey points to failures for private equity
The £60,000 contribution notice issued in the Bonas case is an "enormous climb down" by The Pensions Regulator, a lawyer says.
One in five local government schemes operate with negative cash flows and future contribution reductions could push that figure to half, PP can reveal.