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Latest public sector pensions news
Capita sacked as Royal Mail administrator and slammed over Civil Service failures
The paymaster general has stripped Capita of its administration contract for the government-run portion of the Royal Mail pension scheme, and levelled further criticisms over its handling of the Civil Service Pension Scheme.
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
Lambeth among schemes backing UK venture capital investment drive [updated]
The London Borough of Lambeth Pension Fund is among several LGPS funds to have backed Schroders Capital’s UK Innovation Long Term Asset Fund, backing domestic venture capital companies.
LGPS contributions review promised after MPs reject Lords changes
MPs have voted against amendments from the House of Lords that would have brought in changes to how triennial valuations in the LGPS are handled, and allowed interim reviews of contribution rates.
Pension Schemes Bill edges closer as MPs strike down Lords’ amendments
MPs have moved a step closer to finalising the Pension Schemes Bill after the government used its majority to sweep aside more than 80 amendments put forward by the House of Lords.
LGPS funds and Railpen to vote against BP chair at oil giant’s AGM
Railpen and the Local Authority Pension Fund Forum have signalled their intention to vote against the reappointment of Albert Manifold at BP’s annual general meeting on 23 April.
South Yorkshire cuts employer contributions after funding level rises to 142%
The authority has cut average employer contribution rates to 13% after finalising its latest actuarial valuation as of 31 March 2025, saving more than £90m for employers over the next three years.
LGPS latest: West Midlands’ £1.1bn regional drive; LGPS Central backs Yorkshire Water
A roundup of the latest investment headlines from the Local Government Pension Scheme, brought to you by Pensons Expert’s sister title LAPF Investments.
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.