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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
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%.
PMI launches partnership initiative to boost training and development
Three administration providers have signed up as founding members of the PMI’s Development Partnerships programme, after a regulatory report flagged recruitment and retention issues in the sector.
Six LGPS funds confirmed as members of expanded LPPI
The Devon, Avon, Dorset, Somerset, Cornwall and Environment Agency pension funds have signed a memorandum of understanding paving the way for them to join the Local Pensions Partnership Investments pool.
LGPS funds invest in regional airports as schemes up infra allocations
The West Midlands and Cheshire local authority pension funds have invested in a portfolio of regional airports through a partnership established by the LGPS Central pool.
LGPS Central confirms six new partner funds as assets top £100bn
Hampshire, Norfolk, Suffolk, Gloucestershire, Oxfordshire, and Wiltshire are confirmed as new members of LGPS Central, as the pool seeks to help break a deadlock at the Isle of Wight LGPS fund.
LGPS expected to join Sterling 20 initiative next year
Senior members of the LGPS, including representatives of the Local Pensions Partnership Investments and LGPS Central pools, attended the government’s inaugural Regional Investment Summit this week.