All LGPS articles – Page 10
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NewsNorfolk Pension Fund takes Apple to court over losses
A court in California has granted Norfolk County Council’s petition, on behalf of the Norfolk Pension Fund, to be named lead representative in a class action lawsuit against Apple over alleged securities fraud.
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NewsBorder to Coast updates responsible investment policies
On the go: The £34.6bn Border to Coast Pensions Partnership has published its revised responsible investment policies, which strengthen its voting approach and outline how it will engage to push for positive change from the companies in its portfolio.
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NewsHigh Court rebuffs police officers’ McCloud judicial review
The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.
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NewsLGPS seeks UN clarity on Israel investment comments
On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.
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NewsPolice officers reiterate McCloud criticisms in consultation response
A campaign group representing police officers dissatisfied with the government’s handling of the 2015 public sector pension reforms have reiterated their complaints in response to the McCloud consultation, calling for the changes to be reversed.
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People NewsPLSA to expand policy board expertise
On the go: The Pensions and Lifetime Savings Association is looking to expand the range of expertise on its policy board and committees, calling on experts from across the industry to apply for roles.
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NewsClarity needed as LGPS pools could be branded fiduciary managers
A delay to regulations from the Department for Levelling Up, Housing and Communities has meant that Local Government Pension Scheme investment pools have fallen under Competition and Markets Authority rules meant for fiduciary managers.
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NewsLGPS market value up nearly 25 per cent in a year
On the go: The market value of the Local Government Pension Scheme rose by 23.8 per cent in 2020-21 when compared with 2019-20, according to new figures from the Department for Levelling Up, Housing and Communities.
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NewsGAD lists recommendations for LGPS 2022 valuation
The Government Actuary’s Department has published its statutory review of the Local Government Pension Scheme, listing a number of recommendations for the imminent 2022 valuations.
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NewsMcCloud rebellion grows as six unions file for judicial review
Six trade unions want to take the government to court in a bid to stop it imposing the cost of the McCloud remedy on their members, with one considering strike action.
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NewsScottish pensions agency proposes raft of LGPS amendments
The Scottish Public Pensions Agency has launched a consultation into a host of changes to the Local Government Pension Scheme in Scotland, covering early payment of pensions, survivor benefits and the cost cap.
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NewsLGPS pool appoints adviser for net zero 2050 plan
On the go: The Local Pensions Partnership has appointed Chronos Sustainability to work on a partnership target of attaining net zero emissions by 2050.
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NewsLGPS urged to divest from ‘Israeli settlement economy’
Canadian Professor Michael Lynk, who works with the Office of the High Commissioner for Human Rights, has requested that the Local Government Pension Scheme funds divest from any holding that may be linked to contested Israeli settlements.
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NewsCouncil to compensate member after persistently giving incorrect info
South Tyneside Council has been ordered to pay £2,000 in total by the Pensions Ombudsman to a former employee after it incorrectly told him he could defer claiming his pension benefits until age 75.
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NewsGovt to consult again on McCloud implementation in 2022
The Cabinet Office, Home Office, Department for Education and Ministry of Defence have each opened consultations into the first phase of the McCloud remedy, covering regulations that will see all legacy schemes close to future accrual from March 2022. However, new consultations on phase two of the remedy will be launched next year.
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NewsBorder to Coast launches £3.7bn Multi-Asset Credit Fund
On the go: The Border to Coast Pensions Partnership has increased its aggregate investments to £34.6bn by announcing the launch of a £3.7bn Multi-Asset Credit Fund.
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NewsBMA joins firefighters in threatening McCloud legal action
The British Medical Association is the latest public sector body to threaten legal action should the government persist with plans to make its members pay for the cost of the McCloud remedy.
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NewsLGPS pool accelerates cost savings and commits to net zero
On the go: The Local Pensions Partnership has announced it made £28.2m in cost savings for clients in the year to March 2021, bringing the overall total savings to £74m since inception in 2016.
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NewsBrunel transfers funds to new Paris-aligned benchmarks
On the go: The £28bn Brunel Pension Partnership, which handles the assets of 10 partner funds with an aggregate size of circa £40bn, has transferred more than £3bn to its new FTSE Russell Paris-aligned benchmark series.
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NewsLGPS must consider net-zero impact to avoid social downturn, MPs say
MPs have called on Local Government Pension Scheme funds to mitigate the economic and social risks that a shift to a net-zero economy may have on the communities most affected by the green transition, averting a repeat of the mistakes made during the downturn of industry in the 1980s.