All LGPS articles – Page 16
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OpinionLow 50/50 take-up means assumptions must be revised
Recent demographic analysis highlights the fact that the new Local Government Pension Scheme 50/50 option – where members pay half of contributions in return for half of the benefits – has not yet captured imaginations.
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FeaturesSouth Yorkshire admin issues highlight LGPS challenges
A number of local authority schemes have faced administration challenges and missed deadlines after implementing new software, as the provider struggled with capacity troubles.
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Features
LPP pools £1.2bn of property amid investor fears over asset class
The Local Pensions Partnership has created a £1.2bn property pool between the London Pensions Fund Authority and Lancashire County Pension Fund as experts have urged schemes not to panic over the recent gating of UK retail property funds.
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OpinionData crunch: The LGPS and cost efficiency
In 2015 the chancellor announced proposals to pool the assets of the 89 Local Government Pension Scheme funds across England and Wales into at least six “British Wealth Funds”, each with a minimum size of £25bn.
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News
Nilgosc to allow lump sum contributions
The Northern Ireland Local Government Officers Superannuation Committee plans to ask for upfront deficit contributions for this year’s LGPS valuation from its employer members as the public sector in Northern Ireland shrinks.
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OpinionLive from the PLSA local authority conference 2016
The Pensions and Lifetime Savings Association’s Graham Vidler explains why the needs of local pension boards and participating employers in the Local Government Pension Scheme need to be addressed.
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News
50-50 take up remains low, but tax changes could spur interest
Take up of a 50-50 option for members of local government pension scheme funds – which allows halving overall contributions – remains low but could rise with changes to pension tax next year.
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OpinionA once-in-a-lifetime opportunity to transform local authority pensions
The outlines are now becoming clear of what is probably the biggest shake-up in local authority pensions since their launch before the second world war.
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OpinionStriking a balance amid rising longevity
Talking Head: The Lancashire and London Pensions Partnership’s Michael O’Higgins says in the face of increasing liabilities, it is even more important to get the balance right between security and returns.
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OpinionSpeed dating for LGPS funds: How to choose your pooling partner
The government-imposed asset pooling of Local Government Pension Scheme funds forces committees to ask themselves on what basis they will choose pooling partners. Mercer’s Jo Holden gives tips on what schemes should focus on.
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News
Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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OpinionAn outstanding year for pensions…
Editorial: And by that I mean we’re coming to the end of 2015 with several gargantuan issues left outstanding, hanging over the heads of schemes and providers.
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News
Autumn Statement could blow icy winds for LGPS
An anticipated hit to local authority funding in the government's Autumn Statement next month is threatening to ratchet up pressure on the Local Government Pension Scheme.
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News
NESPF saves 108 days with new payroll software
North East Scotland Pension Fund has made “huge savings” in administration costs and time through its new payroll software, allowing it to focus on the changing structure of the Scottish Local Government Pension Scheme.
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FeaturesThe Specialist: Investment trends – October 12 2015
How are schemes responding to the latest twists in the investment landscape, including interest rate speculation and global market wobbles? Download The Specialist here to find out how your scheme can raise its defences while gaining returns.
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NewsOsborne's wealth funds target LGPS cost savings to boost infra
Chancellor George Osborne pushed local authority scheme collaboration forward this week by declaring they would be pooled into six 'British Wealth Funds' as part of a plan to ramp up infrastructure investment and reduce scheme running costs.
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News
Welsh funds reach impasse on asset-pooling plans
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
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NewsAsset insourcing saves LPFA 75% on fees
FT Investment Management Summit: The London Pensions Fund Authority could run as much as half of its assets in-house within the next three years, cutting the fees charged on those assets by three-quarters.
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News
Defying criticism: The other burden of being a lay trustee
Any Other Business: Lawyers, actuaries, professional trustees. The world of pensions is so full of highly specialised roles it can seem bizarre so much of the decision-making comes down to elected trustees who may have no experience with pensions.
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OpinionScheme fragmentation more stark in private sector than public
Data Crunch: The appointment last month of Edi Truell as the London Mayor’s new adviser on pensions and investments is part of an initiative, we are told, to amalgamate some of the country’s numerous public sector pension funds and aims to save billions of pounds through greater efficiencies, lower fees and improved returns.