All Local Government Pension Scheme (LGPS) articles – Page 22
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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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OpinionA once-in-a-lifetime opportunity to transform local authority pensions
The outlines are now becoming clear of what is probably the biggest shake-up in local authority pensions since their launch before the second world war.
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News
PiP calls on government to bridge infra gap
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.
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News
LGPS to meet cost of GMP inflation proofing
A quirk in regulation could leave the Local Government Pension Scheme and several other public sector arrangements responsible for meeting the costs of inflation-proofing the benefits of members retiring between April 2016 and December 2018.
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News
LGPS meets first pooling landmark
The Local Government Pension Scheme submitted initial proposals for asset pooling last week, but talks between funds are ongoing as the scheme works to meet government benchmarks.
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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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NewsOmbudsman ill-health decision underscores complexity for members
Schemes have been urged to maintain open channels of communication with employers and members around ill-health benefits after an ombudsman determination ruled against a member’s attempt to "rewrite history".
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News
Project POOL maps the route for LGPS
Pooling assets across the Local Government Pension Scheme could ultimately deliver annual savings of £190m-£300m, according to new analysis that goes some way to giving LGPS funds much-needed clarity.
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OpinionShould Britain’s pension schemes support the UK economy?
From the blog:UK pension schemes have no obligation whatsoever to help the national economy. Pension scheme trustees are legally bound to try and make investments that provide returns to pay pensions. And nothing more.
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OpinionSpeed dating for LGPS funds: How to choose your pooling partner
The 89 Local Government Pension Scheme funds in England and Wales are embarking on a pathway to pooling under current government plans, which require the creation of five to six pools of around £25bn.
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News
PiP seedling poised to flower following FCA authorisation
The Pensions Infrastructure Platform has been authorised as an investment manager by the Financial Conduct Authority and is tipped by industry experts to be a top contender in fulfilling the role of “national infrastructure platform” for local authority schemes.
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Opinion
Have a mega Christmas
From the blog: Just as everyone is slowing down for the holidays, looking at what’s coming up next year or finally doing the admin tasks they had put off for the past ten months...
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NewsA lot to get to grips with: the legal and regulatory outlook for 2016
Legal and regulatory change was abundant last year and 2016 looks like it will continue in the same vein, as both the UK and Europe are churning out legislation and rules affecting occupational pension schemes.
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News
LGPS under fire on costs to members
Reporting and cost disclosure across the Local Government Pension Scheme must become more transparent, experts have said, as a new report highlights wide disparity in the levels of charges passed on to scheme members.
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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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OpinionAn outstanding year for pensions…
Editorial: And by that I mean we’re coming to the end of 2015 with several gargantuan issues left outstanding, hanging over the heads of schemes and providers.
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OpinionThings in the Autumn Statement you might have missed
The direct impact on pension schemes of the 2015 Autumn Statement was negligible, but it had some significant indirect effects.
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NewsShire funds ‘keeping options open’ for asset pooling
A group of seven Local Government Pension Scheme funds has appointed a manager to run a joint £6.5bn passive mandate, but funds involved in the arrangement say longer-term plans for pooling are still under discussion.
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OpinionLook beyond the LGPS in the pooling discussion
George Osborne lit the touch paper under 'authorised contractual schemes' when he announced the pooling of the Local Government Pension Scheme in October this year, but the opportunity exists for others as well.
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News
Tough timescales for asset pooling put LGPS on the spot
The government’s much-anticipated criteria for the reform of Local Government Pension Scheme investment contains few surprises, but industry experts have raised concerns over the tight timescales for funds to prepare and implement complex proposals.