When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…
Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
Tag Archives: LGPS
How will pensions be affected by the local elections?
Local politics and LGPS I don’t think we have had time to think of the impact of new councils on old pensions but I’d expect this event to be interesting I won’t be going this year, my media pass has … Continue reading
Birmingham shoots itself in the foot; now the Daily Mail exposes the pension folly
Patrick Tooher explains to Daily Mail readers in “This is Money”, the stupidity of the Birmingham’s LGPS management team. I have written about this over the past 18 months, often with the help of John Clancy. The Birmingham situation shows … Continue reading
How will pensions be affected by the local elections?
Local politics and LGPS I don’t think we have had time to think of the impact of new councils on old pensions but I’d expect this event to be interesting I won’t be going this year, my media pass has … Continue reading
Reform’s breaking victory; what does it mean for LGPS and unfunded public pensions?
It’s 5.30 am as I write, but the writing’s on the wall for the management of many local councils. A great night for Reform UK,and Liberals, an ok night for the Greens but a stinker for Labour, Conservatives and the … Continue reading
Why we need pensions for council workers not a wealth fund for Reform
Value of council pension pots hits £550 BILLION This is the headline from the Daily Mail’s Patrick Tooher, a reporter I have a lot of time for. Here he is on linked in asking local electors and council workers what they … Continue reading
An example of pension funds keeping the NHS going?
If only we could see more headlines like this! The news comes at a time when it is evident we need investment in NHS property. I am not snobbish about the LGPS (greater Manchester) employing Black Rock to get work … Continue reading
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
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…