All LGPS articles – Page 8
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NewsStandard Life’s sustainable switch and a new LGPS active fund
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a new sustainable multi-asset profile from Standard Life, a £1bn sustainable global equities fund from LGPS Central, and an anti-scams pledge from the Universities Superannuation Scheme.
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NewsAltus and ITM move first on next stage of dashboards journey
On the go: Financial services software company Altus and platform technology specialist ITM have been confirmed as the first participants in the Pensions Dashboards Programme’s “Alpha” stage to move forwards to the next development stage.
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PodcastsPodcast: ‘Pot follows member’ legislation needed to solve small pots problem
Podcast: Industry consensus is needed to support a ‘pot follows member’ solution to the small pots problem, with previous attempts to solve it having failed, says Henry Tapper, executive chair of AgeWage. He is joined by Tom McPhail, director of public affairs at the Lang Cat, to discuss small pots, commercial consolidators, and more McCloud woe for the Local Government Pension Scheme.
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NewsMcCloud remedy causes three of four schemes to breach cost cap
The Government Actuary’s Department has published the cost cap valuations of four public sector schemes, confirming that the cost of implementing the McCloud remedy has led to a breach of the cost control mechanism, cancelling previously-agreed benefits increases.
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NewsBrunel calls on Sainsbury's to introduce living wage
On the go: The £38bn Brunel Pension Partnership, which handles assets of 10 UK Local Government Pension Scheme funds, has co-filed a resolution calling for the introduction of the living wage at supermarket chain Sainsbury’s.
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News‘Quirk’ sees public sector pay freeze hit teachers’ pensions annual hikes
A ‘quirk’ in the way teachers’ pensions are calculated could mean some teachers stand to suffer an extra loss as a result of the public sector pay freeze, as pension calculations normally triggered by a change in earnings have not occurred.
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NewsPublic sector scheme members get retirement calculator
On the go: The Government Actuary’s Department has released an online tool designed to help public sector scheme members better understand their options for benefits and retirement.
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NewsFirefighters reach pensions agreement with government
A memorandum of understanding has been signed between the government and the Fire Brigades Union over pension rules for retained firefighters, potentially allowing thousands to claim pension entitlements dating back earlier in their careers once legislation is passed.
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NewsLGA calls for 2025 dashboards deadline amid capacity crunch fears
The Local Government Association has called for the staging date by which the Firefighters’ Pension Scheme is to join the dashboards to be set back, arguing that it is not feasible to expect the scheme to join before 2025.
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NewsGovt’s dashboard proposals cause widespread industry concerns
The Pensions and Lifetime Savings Association has recommended three thresholds that must be met before pensions dashboards are launched to the public, but there is widespread industry concern around liability for incorrect or misinterpreted information, and significant doubts whether its launch is achievable by the government’s preferred dates.
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NewsGovt to compensate judges for additional McCloud tax bills
The Ministry of Justice has announced it will compensate judges who incur additional tax liabilities as a result of the immediate choice they will take later this year, while other departments left their proposals largely unchanged following consultations on phase one of the McCloud remedy.
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NewsMcCloud legislation on track for April
On the go: Secondary legislation necessary for the implementation of the McCloud remedy is on track to be published by April 1, and another round of consultations is due before October, the government has confirmed.
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NewsDashboards’ staging deadline too ambitious for LGPS
The government’s timetable for dashboards’ integration is likely to be too ambitious for the Local Government Pension Scheme, with administering authorities bogged down by other challenges, its pensions committee has warned.
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OpinionLGPS funds should not join the Israel boycott movement
Pension scheme trustees are currently discussing one of the easiest divestment decisions they will ever have to make.
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NewsMPs back amendment against political divestments by LGPS
MPs in the House of Commons have approved an amendment that would allow ministers to issue guidance stymieing the ability of public sector pension schemes, including the Local Government Pension Scheme, to pursue politically motivated boycotts and divestment policies.
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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.