Pensions
Pension funds get option for new financial status
Standard documentation is being produced to help councils and local government pension funds wanting to secure a new financial status.
Appeal granted over ‘unlawful’ boycott of Israel
The Government has received permission to appeal a court ruling that found its attempt to prevent councils boycotting Israel through their pension schemes was ‘unlawful’.
LGPS opt up move praised
Sector figures have lauded a policy shift that would allow members of the Local Government Pension Scheme (LGPS) to opt up to elected professional status.
DUP cash would transform Greater Manchester’s transport
Infrastructure funding of the scale afforded to Northern Ireland would revitalise the English regions, the chair of a major local government pension fund has argued.
FCA overhaul for LGPS asset management
The Financial Conduct Authority (FCA) has announced a ‘package of remedies’ to overhaul the asset management sector that serves local government pension schemes (LGPS).
Single pension scheme for academies mooted
A single local government pension scheme (LGPS) fund for all academies could be created, a report has suggested.
One in 10 LGPS schemes say funding and investment are top risks
Funding and investment is the biggest identified risk for local government pension schemes (LGPS), a survey for The Pensions Regulator (TPR) has found.
Pension asset balance sheets ‘in good health’
The asset side of local government pension schemes’ (LGPS) balance sheets is in good health, according to the latest performance analytics data.
Council pension assets in 'good health'
The asset side of local government pension schemes’ (LGPS) balance sheets is in good health, according to the latest performance analytics data.
Two sign up to pensions investment transparency codes
Two of the biggest asset managers have signed up to a new transparency code designed to reveal the full cost of town hall pension investments.
Pension schemes await Trump’s decision on climate change
Council pension schemes face a nervous wait to discover whether US president Donald Trump will withdraw from the Paris Agreement on climate change.
Fight begins for slice of £700m from RBS
Local authority pension schemes continue to battle for a share of £700m from bailed out lender, RBS.
No replacement for Bulbeck
Teinbridge DC’s chief executive, Nicola Bulbeck, will step down in June after fulfilling her duties as the acting returning officer for the General Election.
Tory manifesto pledge comes under fire
Government plans to intensify the use of deferred payments for social care costs could be stymied by councils’ reluctance to support claw-back deals, a former pensions minister has warned.
Council pension scheme position improves
The giant Local Government Pension Scheme (LGPS) is now 85.3% funded according to its latest valuation - an improvement on its financial position three years ago.
Place director quits for private sector
Bristol City Council’s strategic director for place, Barra Mac Ruairí, is to leave the authority to become the new divisional director of design and development at YTL UK Development.
Carlton steps in after retirement
Stuart Carlton has been appointed director of children’s services for North Yorkshire CC following Pete Dwyer’s retirement this summer after four years in the role.
MiFID II will have severe implications for pensions investments
Mark Lloyd says the LGA will continue to fight against the FCA's plan to reclassify councils from professional to retail investors - a move that could cost billions in lost investment.
Impact of academisation on authority pension funds requires ‘radical measures’
Ministers have not ruled out ‘radical measures’ after a six-month review of the impact of academisation on council pension funds.
Probe into pension boards’ efficiency
The effectiveness and operational efficiency of local pension boards will be tested by a survey two years on from their creation.