LGPS

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.

Reading my PP email on Monday, I noticed that Mercer's Chris Hull had come up with some valuable ideas on how to help solve the issue of public sector pensions.

Tom Selby looks at the potentially costly clarification of equal pay regulations for local authorities

Current Local Government Pension Scheme funding levels cover only three-quarters of its future liabilities, an Audit Commission report reveals.

Local government pension funds have been urged to give financial backing to public building projects which risk failure due to government spending cuts.

Legal & General and Hymans Robertson have unveiled a health liability insurance plan which could save local government pension scheme sponsors hundreds of thousands of pounds.

Government proposals to increase the retirement age and index pension payments to the Consumer Price Index could slice 15% from public sector liabilities, London Pensions Fund Authority chief executive Mike Taylor says.