LGPS

Hertfordshire council pension fund has outsourced its pension administration and payroll operations to the London Pensions Fund Authority in a deal set to save the fund £1.6m.

Tens of thousands of local government scheme members will opt-out if Lord Hutton's proposal to increase contribution rates is implemented, the Treasury has admitted.

Michael Bow's take on Warks cash flow

Local government pension schemes are set to face increasing cashflow shortfalls as the LGPS starts to mature, council figures warn.

Employer contributions to the Local Government Pension Scheme exceeded employee contributions by £311m last year, government figures show.

New pension rules risk a mis-selling scandal; Blue Chip companies halve pension deficit; Takeover Panel urged on pension toll of bids; Town hall staff face GBP9,000 pay cut to fund their pensions, claim council chiefs

Aviva Investors has launched a global real estate fund of funds to help UK local authority pension schemes access unlisted property and still comply with LGPS regulations.

Predictions 1% of LGPS employees will opt out of the scheme if contributions rates increase are inaccurate and a result of Treasury failure to listen to stakeholders, employers say.

Senior local government officials have written to government minister Eric Pickles warning that maintaining a final salary link for past service in LGPS is unfair to local council taxpayers.

The Fair Deal policy for public sector workers should be maintained due to its success in preventing industrial action, the GMB union told delegates.