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
The good times have been back for a while when it comes to infrastructure investment. But getting access to the right party isn’t straightforward, finds Marek Handzel
Stewart Patterson explains the importance of taking the correct actions, at the appropriate time, when managing pension scheme risk
Edmund Tirbutt looks at the range of EU regulations affecting UK pension funds, and why they are often met with discontent
Lynn Strongin Dodds finds that schemes are increasingly using creative asset-backed contribution deals to tackle their deficits, and regulators are taking notice
Matthew Swynnerton provides an overview of progress on tackling liberation fraud over the past year
Laura Blows speaks to Michelle Cracknell about her new role as CEO of The Pensions Advisory Service, and the plans she has to increase awareness of the organisation
Jonathan Bull explains why it is important for trustees to be adequately protected
Sandra Haurant explores why commercial property is looking increasingly appealing for pension funds
Having enjoyed a stellar 2013, the longevity insurance market looks set to grow in popularity for smaller-sized schemes
David Adams explains how the assessment of the employer covenant is changing, following TPR’s requirement that the employer’s funding ability is considered against its capability to invest in ‘sustainable business growth’
As the pace of QE decreases, Albert Küller considers the implications for equity markets in 2014
As the pensions industry continues to undergo a series of reforms, Laura Blows explores why the time is now right to improve its reputation and how this can be achieved
