Tag Archives: LGPS
LGPS must stop sitting on its surplus or it will be changed by popular demand
Yesterday I blogged about the failure of LGPS to win the hearts and minds of many in Birmingham, Wolverhampton and West Midlands in general by sharing their £11bn pension fund surplus with the councils and council tax payers. The West … Continue reading
Wolverhampton folk demand LGPS returns £11bn surplus it’s sitting on.
John Clancy and David Bailey have blogged about the enormity of the wrong to the West Midlands council tax-payer by the LGPS. Their latest blog says that money returned to Birmingham is not enough and that Wolverhampton has the same … Continue reading
No one should be surprised that there’s a ferocious battle between Reform and LGPS
This battle has been going on since Reform won control of Local Government around the country and has set about prioritising the needs of council tax payers above the prudence of pension officers. This is how the FT report the … Continue reading
Steve Simkins: LGPS prudence will cost councils dear
As council pension funds prepare to set employer contribution rates for the next three years, excessive levels of prudence could see councils paying more than they need to, writes a partner at Isio. There has been a fundamental shift in … Continue reading
Britain needs LGPS’ Pools of excellence to turn pots to pensions!
Steve Simkins is a smart actuary who works for Isio but thinks for us all and in this post he asks some questions that I have been asking in my head and asked at a recent Conference mainly delegated by … Continue reading
Posted in pensions
Tagged #Pensiondebate, CDC, LGPS, pension, Pension Commission, Steve Simkins
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Dr Chris Sier; 1966 to 2025
Chris Sier has died aged 58, rigorous to the end he finally lost his long fight with Colon Cancer diagnosed in 2023. He has been seeing friends at his bed in Guys hospital and those who have said goodbye all … Continue reading
Posted in pensions
Tagged AgeWage, chris sier, Clearglass, Funds, Leeds, LGPS, Newcastle, Pensions, pools, university
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We have a Government that respects pensions – let’s be thankful.
Politics are playing the right way right now. The Pension Minister has never got the prominence that Torsten Bell got last week when making announcements on how pensions were an important part of British pension policy. There is a video … Continue reading
Posted in pensions
Tagged Exchequer, HMT, LGPS, Pensions, Public Pensions, Rachel Reeves, Torsten Bell
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LGPS – £147bn is an ECONOMIC MIRACLE – what should be done?
Where to do with the financial strength of Local Government Pension Funds? Let’s not be shy about this. LGPS employers have put a lot of money into their schemes over the past 20 years to keep their pension obligations. It … Continue reading
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Tagged AgeWage, CDC, Collegia, LGPS, Pensions, Public finance, Sam Seaton, Steve Simkins, Torsten Bell
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Consolidation-it’s advantages and limits from Borders
The third day of this conference and people are drifting away or getting coffee’d up in readiness for a good laugh with Louis Theroux. Meanwhile there is a discussion going on in the main hall between TPT (fresh from announcements … Continue reading
Dalriada and Smart – do you know why people still invest rubbish AVCs?
I saw this advert and received this invite and accepted. AVCs and small DC pots may be small in value — but their governance, data, and compliance risks are anything but. In this exclusive webinar, Dalriada and expert partners will … Continue reading