LGPS

Three-quarters of local government pension experts back Lord Hutton's view there is a strong case for increasing employee contributions, National Association of Pension Funds research shows.

UK - Seven Local Government Pension Scheme funds with £9.9bn ($16bn) under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.

Seven Local Government Pension Scheme funds with £9.9bn under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.

UK pension funds will recoup £1.4bn in US class action lawsuits following losses suffered at the peak of the financial crisis, a report reveals.

The final salary link in public service pensions is 'inherently unfair' and can lead to high flyers getting almost twice as much back in pensions than those on more modest earnings for the same amount of pension contributions, Lord John Hutton says.

Building materials supplier Wolseley will make additional cash contributions of £25m per year to tackle its £432m pension deficit.

Daventry District Council will be forced to pay a £2.4m pension deficit after the High Court refused to re-write an outsourcing contract.

The London Borough of Wandsworth pension scheme has appointed Northern Trust to provide global custody and investment accounting services to £750m of assets.

The Local Government Pension Scheme should increase its retirement age to 66 and limit pensionable pay to £75,000 a year, the London Pensions Fund Authority says in its submission to the Public Service Pensions Commission.

Lord John Hutton should consider shifting public sector pensions to a career average structure to address the inequalities of final salary provision, local government employers say.