Local Government Pension Scheme

Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.

Local government pension scheme employers are urging government to allow changes to member accrual rates instead of increasing contributions as part of public sector pension reform plans.

Northamptonshire County Council and Cambridgeshire County Council are set to team up to invest in a joint IT upgrade saving up to 40% in pension administration costs.

Hertfordshire County Council was ordered to pay a co-habitee's pension after it failed to inform a member about proper nomination procedures.

One in five local government schemes operate with negative cash flows and future contribution reductions could push that figure to half, PP can reveal.

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.

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

UK - Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

The £1.3bn Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.

The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.