Local Government Pension Scheme

The London Borough of Hillingdon Pension Fund has appointed J.P. Morgan Asset Management to run part of its fixed income portfolio.

Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.

Anthony Hodges Consulting has appointed public sector pensions specialist Debbie Forbes as the firm continues to develop its online pension communities.

Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.

Local government pension scheme employers are urging government to allow changes to member accrual rates instead of increasing contributions as part of public sector pension reform plans.

Northamptonshire County Council and Cambridgeshire County Council are set to team up to invest in a joint IT upgrade saving up to 40% in pension administration costs.

Hertfordshire County Council was ordered to pay a co-habitee's pension after it failed to inform a member about proper nomination procedures.

One in five local government schemes operate with negative cash flows and future contribution reductions could push that figure to half, PP can reveal.

Tens of thousands of local government scheme members will opt-out if Lord Hutton's proposal to increase contribution rates is implemented, the Treasury has admitted.

Senior local government officials have written to government minister Eric Pickles warning him maintaining a final salary link for past service in LGPS is unfair to local council taxpayers.