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Latest public sector pensions news
Unions take Civil Service pension insourcing campaign to Downing Street
The Prospect and Public and Commercial Services unions are petitioning the government to name a responsible minister and bring the administration of the Civil Service Pension Scheme in-house.
Union renews call for Capita to be stripped of Civil Service pension contract
Capita has been struggling to address a severe backlog of outstanding pension payments and other issues regarding the Civil Service Pension Scheme since it took over the administration contract at the end of last year.
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.
Latest LGPS news
Border to Coast agrees £400m deal for 866 rental homes
The acquisition comes as the LGPS pool continues to expand its UK Real Estate Fund, which it expects to grow to around £3bn over the next 12 months.
Investment roundup: LGPS funds launch housing manager; GLIL snaps up assets
Two local government asset pools are combining their property portfolios, while infrastructure manager GLIL is on the acquisition trail. Elsewhere, the British Business Bank continues to connect growing UK companies to pension fund capital.
Buying British: Railpen, Nest, LGPS pools exploring UK ‘scale up’ fund
Leading investment institutions are in talks with the British Business Bank and the Office for Investment about the creation of a £1bn fund to drive investment into domestic companies seeking scale-up capital.
Brunel’s Faith Ward joins LPPI as strategic adviser
She has also launched ‘Faith In RI’, a consultancy service that is also seeking to preserve Brunel’s work on climate and sustainable investment.
LGPS funds face growing resources squeeze, Aon poll finds
Nearly three-quarters of Local Government Pension Scheme (LGPS) funds do not have enough staff with the right skills to carry out day-to-day operations, according to an Aon poll.