All Public sector pensions articles – Page 12
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News
Government figures show drop in persistency of saving
The amount saved into workplace pensions rose by £4.3bn to £90.3bn in 2017, according to new government data, but a slight drop in the persistency of saving last year has raised concerns.
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News
Government consults on reforms to NDA schemes
The government has launched a consultation on its approach to reforming two schemes within the Nuclear Decommissioning Authority’s group, after proposals for a bespoke career average revalued earnings scheme were accepted by unions in 2017.
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Features
Should we be worried about public sector pensions?
Analysis: A combination of weak economic growth, growing inflation and lofty discount rates may threaten unfunded public sector defined benefit schemes.
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OpinionPutting the USS closure debate into perspective
Amid all the debate over actuarial methodologies and affordability, Society of Pensions Professionals president Hugh Nolan says a quick look at contribution rates gives a valuable insight as to whether the public sector is getting a good deal.
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NewsFirstGroup breaks new ground by merging funds within LGPS
Transport operator FirstGroup has become the first major private sector employer to consolidate its pension funds within the Local Government Pension Scheme, as experts agree that similar mergers could be on the horizon.
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OpinionWe need to narrow the pensions gap
The Society of Pension Professionals’ Hugh Nolan says more needs to be done to deliver fair outcomes for everyone.
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News
Locum GPs call for pensions admin overhaul
Locum GPs are calling for an overhaul of their pensions administration as sporadic correspondence and scant communication cause confusion.
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.
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FeaturesShipbuilding members can board public sector scheme
The Shipbuilding Industries Pension Scheme has given certain members of its Fleet Support section the choice to rejoin a public service pension scheme as part of the government’s 'new fair deal' policy, but experts say it might not all be plain sailing.
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Features
Oxford University Press tackles pensions fraud with data matching
The Oxford University Press pension scheme has volunteered to take part in the Cabinet Office’s National Fraud Initiative data matching exercise to help detect and prevent benefit fraud.
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FeaturesBushfire of pension discrimination cases spreads to firefighters
The Fire Brigades Union has raised a legal challenge against fire service employers and the government regarding alleged discrimination as a result of transitional protection arrangements.
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News
Hertfordshire joins Access LGPS pool
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
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NewsNHS cash for pensions offer could open loophole
An NHS trust has come under scrutiny for offering nurses cash to opt out of the pension scheme, which experts have said could lead to other employers copying the move.
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NewsIndustry concern over government's 'dangerous' ESG proposals
A proposal that would empower the government to intervene in local government pension investment decisions where they contradict British foreign policy has raised concern in the pensions industry.
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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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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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News
LGPS sharpens focus on collaboration as consultation looms
News analysis: Local authority schemes are poised for the outcome of a consultation on collaboration which could compel them to pool their investment assets to save on costs.
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Opinion
More savers, less saving: latest on auto-enrolment
From the blog: Participation in UK workplace pensions has risen over the last decade, with auto-enrolment offsetting a downward trend since its introduction in 2012. However, the flood of new members has also served to dilute contributions in private sector schemes.
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News
Regulator fleshes out compliance approach to public sector
The Pensions Regulator has released details of its compliance and enforcement policy for public service schemes, after taking on oversight of more than 200 plans from April.
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News
Havering struggles to find local infra for growth
The £506m London Borough of Havering Pension Fund is looking to invest in local infrastructure projects, but the need to balance this with strong returns is hampering its search.