All LGPS articles – Page 6
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NewsLGPS pooling: Consultation will run for 11 weeks
Views on investment 'barriers' are being sought to accelerate to the consolidation of Local Government Pension Scheme (LGPS) assets, the Chancellor has announced.
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NewsWales Pension Partnership launches a global ESG sub fund
WPP, the pooling entity for the eight Welsh LGPS Funds, said the fund enhances the choice available to authorities and helps fulfil their sustainable investment objectives.
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NewsLocal Government Pension Scheme: PLSA launches resources to help employers
TheBest Practice: A Guide for Employers Participating in the LGPS, has been launched to coincide with the PLSA’s annual Local Authority Conference, which is being held in Gloucestershire.
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NewsYet more consultation required to put in place the McCloud remedy
The government is to further consult on supplementary matters and scheme regulations concerning the McCloud remedy in the Local Government Pension Scheme (LGPS).
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsBudget 2023: LGPS must move faster on asset consolidation
The government is challenging Local Government Pension Scheme funds in England and Wales to move further and faster on consolidating assets, chancellor Jeremy Hunt announced in the spring Budget on March 15.
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NewsMarkets forced public sector funds to mull direction change in Q4 2022
Data crunch: The changing investment environment has forced deeper reviews among public sector funds than had been anticipated.
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NewsLocal authority pension fund postpones pool exit decision
On the go: The £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund has postponed its decision on whether or not to leave London CIV, according to tri-borough director of treasury and pensions Phil Triggs.
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NewsLondon CIV faces uncertainty as local authority fund ponders future
Despite the government’s best efforts to pool the assets of UK local authority pension funds, one London scheme – the £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund – recently revealed it may leave the London CIV.
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NewsGovernment proposes changes to LGPS cost-control mechanism
The government is proposing a series of changes to the Local Government Pension Scheme cost control mechanism, aligning it with other public sector plans while giving more discretion to the Scheme Advisory Board.
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NewsMerseyside Pension Fund appoints new adviser
On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
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NewsKensington and Chelsea fund considers leaving London CIV
On the go: The £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund is considering leaving the London CIV.
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NewsBorder to Coast appoints Robeco for voting support
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
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NewsBrunel invests in impact fund, EAPF commits to venture capital
ESG spotlight: A round-up of the latest news on environmental, social and governance initiatives, including Brunel Pension Partnership investing in an impact fund and the Environment Agency Pension Fund committing to a climate venture capital fund.
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NewsTruss commits to pensions triple lock as inflation hits 10.1%
Prime minister Liz Truss has confirmed that the triple lock will be maintained, even as September’s figures showed inflation rising to 10.1 per cent.
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News18,000 teachers subject to ‘challenging’ McCloud choice
Some 18,000 teachers have been made retrospectively eligible for Local Government Pension Scheme benefits by the implementation of the McCloud remedy, presenting an “administratively challenging” task for both the Teachers’ Pension Scheme and LGPS-administering authorities, according to the Local Government Pensions Committee.
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PodcastsPodcast: Webb - Opperman achieved but ‘got sidetracked easily’
Podcast: LCP partner Sir Steve Webb gives his view on Guy Opperman’s time as pensions minister, and discusses under-saving in defined contribution and a local council investment scandal.
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NewsFBU urges employment tribunal to protect member benefits
The Fire Brigades Union has said it will encourage and assist its members in taking claims before an employment tribunal to protect their pension benefits, while it continues to negotiate with the Home Office for a permanent solution.
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NewsDerbyshire among funds at risk in £138mn solar farm scandal
The Derbyshire Pension Fund is among a number of public sector institutions with members’ money invested in a scandal-hit council investment project that has seen £138mn in public money go missing.
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NewsLGA calls for mandatory national insurance data in dashboards
The Local Government Association has argued that making national insurance numbers optional data will lead to a “poor experience” for pensions dashboards users, and has called for the government to make it a mandatory feature.