Colmore hired by Brunel
Bristol-based Brunel Pension Partnership has hired fund administrator Colmore to provide it with back office services to help support its private market portfolios.
Moves to reduce 'nightmare' pensions data burden
Efforts to streamline pensions administration within the academy sector could have an impact across the entire local government scheme.
LGPS expenditure rises
The total expenditure of the Local Government Pension Scheme (LGPS) in England and Wales was £12.7bn in 2017/18, newly-published statistics have shown.
Council pension funds rebel at Ryanair meeting
The Local Authority Pension Fund Forum (LAPFF) has joined a shareholder rebellion against the re-election of budget airline Ryanair’s chairman.
Pension funds welcome Sports Direct changes
Local government pension funds have welcomed senior changes at retailer Sports Direct after piling pressure on the company.
Pension fund makes local investment
Strathclyde Pension Fund has agreed a £20m investment in companies developing innovative diagnostic, treatment or monitoring technologies.
Unison calls for pensions fund merger
The largest trade union representing members of the Scottish Local Government Pension Scheme (SLGPS) has called for the 11 funds to be merged.
Recruitment problems faced by half of council pensions funds
Staff recruitment, retention and resourcing are the three greatest challenges facing Local Government Pension Scheme (LGPS) funds, according to new research.
Union call for investment management change
Trade union Unison has called for council pension funds to bring their investment management in-house.
Pensions data improvement drive
Local government pension schemes (LGPS) will be visited next week to be given advice on how to improve the data they collect.
Sunak: LGPS should punch its weight
Local government minister Rishi Sunak has said he is determined to ensure the pooling of council pension schemes reaches its ‘full potential’.
Complexity barrier for pension schemes
The complexity of local government pension schemes is the biggest barrier to improved governance and administration, a survey of funds has found.
Brum takes £63m from reserves to help overspend
Birmingham City Council has spent a whopping £63m of its reserves to ‘structurally deliver’ its 2017/18 budget and reduce an overspend of more than £20m, a report to senior councillors has revealed.
Politics has blocked tax reform to fund care
Politicians tinker with old people’s taxes at their peril; just ask Theresa May. The trouble is old people vote, more so than the young as the latter discovered to their cost during the EU referendum.
Government back to drawing board on Fair Deal
Whitehall remains committed to introducing the Fair Deal policy into the local government pension scheme (LGPS) despite ditching draft regulations.
Sustainable equity fund launched for London
The sector-led London Collective Investment Vehicle (LCIV) has today launched a £66m sustainable equity fund, with a further £180m injection expected.
Pensions expert backs London CIV
A pensions expert has backed the principles behind the London Collective Investment Vehicle (CIV) after it appeared to run into difficulties.
Carillion forced into liquidation
One of the country’s biggest construction and facilities management companies, Carillion, has gone into liquidation after struggling for the last few months.
Carillion shares fall sharply
Shares in struggling infrastructure firm Carillion fell sharply today following reports that lenders had rejected its survival plan and that it had lined up a possible administrator.
Pension fund venture snaps up stake in water firm
An infrastructure investment joint venture involving five local government pension funds has agreed to buy a 7.5% interest in Anglian Water Group (AWG) from 3i.