Public Sector Pensions Reform

The rise of academies coupled with smaller council budgets is changing the make-up of the LGPS's employer base. Stephanie Baxter finds out it is posing major long-term challenges.

The biggest ever overhaul of public sector pensions are expected to save the government more than £430bn by 2061/2062, according to HM Treasury.

Decision makers in the local government pension scheme (LGPS) will likely face more onerous knowledge and understanding requirements in the near future, warn consultants.

Stephanie Baxter says local boards will increase complexity, not improve governance

The Pensions Regulator (TPR) has published its final code of practice for all public service funds including the Local Government Pension Scheme (LGPS).

Naomi Rainey sums up the LGPS position as the new scheme takes effect

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

Employers participating in the NHS, Teachers and Civil Service pension schemes will face higher contributions from 2015, chief secretary to the Treasury Danny Alexander has confirmed.

Pension industry organisations have criticised the Department for Work and Pensions' (DWP) decision to block the use of statutory override for former public sector pensions.

The Northern Ireland Assembly has voted to delay changes to the Local Government Pension Scheme (LGPS) benefit structure to April 2015.