Local Government Pension Scheme

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.

Local government employers are facing a backlog of legal claims and mounting costs following confirmation that equal pay settlements are pensionable.

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.

The establishment of an independent commission to undertake a "fundamental structural review" of public service pension provision is long overdue.

Councils could be hit with a multi-million pound bill in additional pension payments following an amendment to Local Government Pension Scheme regulations, a law firm says.

The £9.6bn Strathclyde Pension Fund could become the dedicated pension fund for Scotland, head of pensions Richard McIndoe says.

Cutting back public sector pensions would lead to an almost immediate £8bn cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy says.

UK - Cutting back public sector pensions would lead to an almost immediate £8bn (US$11.45bn) cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy said.

Details of the independent commission charged with reviewing the sustainability of public sector pensions could be revealed as early as Friday, a senior civil servant says.