All Public sector pensions articles – Page 11
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News
Unions allege govt sidestepped advice on NHS pensions
On the go: The Department for Health and Social Care is under fire for reportedly deciding to pursue its ‘50:50’ reform for NHS Pensions before it had received a report commissioned from its advisory board.
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NewsResign over pensions dispute, RMT urges Grayling
The UK’s railway union called for the resignation of transport secretary Chris Grayling on Thursday, threatening strike action over the escalating railway procurement row.
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NewsCambridge academics threaten to ‘greylist’ Trinity College if it leaves USS
Two-hundred-and-fifty Cambridge academics have signed an open letter condemning a proposal from Trinity College to withdraw from the Universities Superannuation Scheme and to set up its own private pensions scheme.
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News
Light at end of tunnel in Barnet admin fiasco
Long-running issues with poor-quality data at the London Borough of Barnet Pension Fund, administered by Capita, are at last showing some signs of improvement.
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News
Ministers mulling 50/50 solution for NHS scheme
On the go: The chancellor and health secretary are reportedly considering introducing greater flexibility to the NHS pension scheme, in a bid to stave off a wave of early retirements without changing tax rules.
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News
Scrap ‘rotten’ taper altogether, former pensions ministers tell chancellor
Pressure is mounting on the chancellor to take action on NHS pensions, as two former pensions ministers on Wednesday called for the “fundamentally rotten” tapered annual allowance to be scrapped.
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News
Reform NHS pension rules or face walkouts, BMA warns
On the go: Senior NHS doctors will cut their working hours unless there is tangible reform to the health service pension scheme, the British Medical Association warned the Chancellor of the Exchequer on Thursday.
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NewsSelect committee turns focus to Railways Pension Scheme deficit
The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.
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News
Higher pension costs could see 57 schools closing
On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.
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OpinionPensions taper is bad medicine for the NHS and should be ditched
The sound of tiny violins can often be heard when the better off complain about yet another cut to their pensions tax relief.
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PodcastsPodcast: Is LGPS governance up to scratch?
Podcast: From asset pooling and actuarial valuations, to administration and data, local government pension schemes have a lot to think about this year – meaning good governance is more important than ever. In this podcast episode, Kirsty Bartlett, partner at law firm Squire Patton Boggs, and Ian Colvin, head of LGPS benefits and governance at Hymans Robertson, discuss potential conflicts of interest, pressure on fund resources and the importance of focusing on administration.
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NewsFirefighters case demonstrates need for clarity over pensionable pay
A recent High Court decision that overtime payments for firefighters in Wales are pensionable has highlighted the importance of clarity and collaboration regarding pensionable status when new types of pay are introduced, lawyers have said.
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News
BMA launches legal challenge against govt over NHS pensions
On the go: The British Medical Association plans to take the government to court over discriminatory aspects of the NHS Pension Scheme, the trade union announced on Monday.
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FeaturesDoctors express anger at NHS scheme failings
The leviathan NHS Pension Scheme is under fire again, with a Byzantine labyrinth of responsibilities, administration failings, and frustrations at government pensions policy infuriating medical staff.
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News
UK’s EU pensions liabilities could reach €9.75bn
On the go: The UK’s share of the EU’s pension is liabilities could be as much as €9.75bn (£8.52bn), Lord Bates told Parliament on Monday.
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FeaturesSchools and colleges warn of ruinous £1.1bn pension hike as DfE consults
The survival of some state schools, colleges, universities and independent schools is threatened by the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from 1 September 2019.
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News
Govt discriminated against younger judges and firefighters, court finds
The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.
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News
100 schools could close as a result of pension hike
On the go: A massive rise in the employer contribution to the Teachers' Pension Scheme could lead to the closure of 100 prep schools, according to the special education website TES which first warned of the approaching crisis for the independent schools sector last month.
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News
Regulator issues Scottish teachers' scheme with improvement notice
On the go: The Pensions Regulator issued the Scottish Teachers’ Pension Scheme 2015 with an improvement notice earlier this year, following the scheme’s failure to provide benefit information statements to around 14,000 members.
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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.