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Latest public sector pensions news
Cabinet Office to provide hardship loans to Civil Service pensioners, union says [updated]
The Cabinet Office plans to support some Civil Service pensioners as administration provider Capita struggles to cope with a backlog of tens of thousands of cases.
Employer group hits out at Teachers Pension Scheme costs
Failure to address the spiralling cost of the Teachers’ Pension Scheme could lead to “institutional failure and closure” of universities that are mandated to participate, according to the Universities and Colleges Employers Association.
Civil Service pension administration ‘could collapse’, union warns
The Public and Commercial Services union has been in dispute with MyCSP about its planned transition to Capita – a process the National Audit Office says is missing targets.
Civil Service Pension Scheme administrators could strike over Capita switch
The Public and Commercial Services union is balloting members that work on the MyCSP administration system ahead of its takeover by Capita later this year.
Latest LGPS news
Unions and industry rally against Reform UK’s LGPS plans
Pensions UK has said Reform’s comments about the LGPS are “not supported by evidence”, as the party’s deputy leader confirms plans for a DB to DC switch.
West Midlands joins PMI talent drive as governance scrutiny intensifies
The West Midlands Pension Fund has become the latest organisation to sign up to the Pensions Management Institute’s training and development initiative as a partner.
Rule changes take aim at LGPS gender pension gap
Additional unpaid maternity leave is to become automatically pensionable under changes to the Local Government Pension Scheme coming into force from April.
LPPI eyes Bristol office as it absorbs ex-Brunel funds
The LGPS pool is offering roles to staff at Brunel Pension Partnership, which was ordered to shut down by the government last year.
Northern LGPS begins search for executive team to lead pool
The Northern LGPS asset pool has launched recruitment for its first senior leadership team as it develops into a standalone pooled investment organisation.
Civil service urged to adopt LGPS-style reforms to close gender pension gap
In a joint letter to Anna Turley, minister of state at the Cabinet Office, Prospect and the FDA have warned that the gender gap in pension outcomes for retired civil servants was “unacceptably high” at around 45%.