Greater Manchester Pension Fund

Local authority pension funds offer the best prospects for kick starting a nationwide house building initiative to solve the UK's house shortage, a think tank says.

Council scheme bosses slam cost-saving proposals as too complex for members

London-based employers in the Local Government Pension Scheme are paying up to 100% more in contributions compared to funds outside the capital, official statistics show.

Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.

Building materials supplier Wolseley will make additional cash contributions of £25m per year to tackle its £432m pension deficit.