Pensions
Exit cap signed into law
The £95,000 cap on public sector exit payments was signed into law last night and will come into force on November 4.
Confusion as exit cap voted through
The public sector exit cap was last night voted through the House of Commons, sparking avoidable confusion.
Council workers warned of ‘assault on pensions’
Legislation making its way through Parliament could have dire consequences for the pensions of local government employees across the board, a union has warned.
Putting the spotlight on pension strain
Since the proposals for an exit payment cap of £95,000 emerged, ALACE has consistently argued that pension strain ‘should not be counted or should be counted in a fair way’, says Tracey Lee.
£95k exit payment cap to come into force before 2021
The Government plans to bring its proposed £95,000 cap on public servants’ exit payments into force before the end of this calendar year, The MJ understands.
Think tank proposes pension-style social care system
A pension-style model is the most effective way of fixing the social care crisis, a new report from a think tank has argued.
Local authority pension fund invests £150m in rental housing
An investment manager for local authority pension funds has invested £150m in private rental housing provider Get Living.
Woolas backs rough sleeping fund
Former local government minister Phil Woolas has backed a social impact fund that promises to house 2,000 rough sleepers by the end of 2020.
Council to take pension administration back from Surrey
Kensington & Chelsea LBC will take its pension scheme administration in-house from April following issues with Surrey CC’s delivery of the service.
Council pension funds to 'double down' on corporate governance
Council pension fund investors have vowed to ‘double down’ on demanding the highest standards of corporate governance from boards despite the pressures caused by COVID-19.
Supreme Court blocks Whitehall pensions interference
Government attempts to prevent councils boycotting Israel through their pension schemes have been blocked by the Supreme Court.
Pension funds urge Barclays to go further on climate action
Two local government pension funds have urged Barclays to go further on its climate commitments at its annual meeting next week.
Transparency tools made available to pension schemes
The first standalone system to provide information on costs from different investment managers to every local government pension scheme (LGPS) and pool has been made available.
Coronavirus fraud warning
Finance experts have warned coronavirus could bring an increased risk of fraud.
New sustainable fund for pension pool
The London collective investment vehicle (LCIV) has launched a new fund that offers pool members the opportunity to exclude investments in fossil fuels, tobacco and weapons.
Experts' warning over McCloud
Implementing and communicating changes that address age discrimination in the local government pension scheme (LGPS) will be ‘extremely challenging,’ experts have warned.
'Low pace' of London pension pooling could increase fees
London’s boroughs could have to pay an extra £20,000 fees for a collective investment vehicle (CIV) to make up for the ‘low pace’ of pooling.
Barnet to appoint new pension fund
Barnet LBC is expected to approve the appointment of the West Yorkshire Pension Fund to administer its own scheme.
New pension fund to invest in London
Three major London pensions organisations will launch a fund investing in housing, infrastructure and business in the capital.
Pension partnership in asset manager threat
The £30bn Brunel Pension Partnership has launched a combative new climate policy that threatens to exclude asset managers if they fail to raise their game.
