New councillors and other elected local office holders are to be excluded from the new Local Government Pension Scheme which comes into effect on 1 April 2014, the Department for Communities and Local Government has announced today.
The government said it “remains firmly of the view that councillors are not full-time politicians or salaried town hall staff, and that continuing membership of the Local Government Pension Scheme would only serve to exacerbate the blurring between elected volunteers and paid employees”
The Church of England Pensions Board has agreed a £100m buy-in with Prudential
The aggregate deficit of the 6,150 schemes in the PPF 7800 index decreased by £15.3bn over February
The next three years could see the number of pension increase exchange exercises more than double, Towers Watson has said
Forty-seven per cent of small employers still do not know when they will need to act in order to comply with AE legislation, The Pensions Regulator has warned
The government should focus on adjusting key pieces of existing pension legislation as part of its ‘defined ambition’ plans, Mercer has said
Chancellor George Osborne should grant savers with pension pots of less than £10,000 more flexibility at retirement in order to improve overall retirement outcomes, ABI chief executive Otto Thoresen has argued
Labour would restrict pension tax relief for people earning over £150,000 to 20 per cent in order to fund job creation if it wins the next election, the party has announced
Eversheds appoints leading pensions lawyer to its team and more...
UK pension schemes are under protected against movements in long term interest rates by around £400bn, analysis by Aon Hewitt has shown
There were significant movements in the incomes offered by a variety of annuity products in the past month, according to new figures from The Annuity Bureau
Pension funds receiving flightplan advice is a “massive conflict of interest in the pensions industry”, P-Solve chief investment officer Glyn Jones has warned.
Scottish DB schemes would no longer be protected by the PPF if Scotland was to become independent, Chief Secretary to the Treasury Danny Alexander has warned