Tag Archives: LGPS
There were, in retrospect, good reasons for Lee Rowley not to appear at the PLSA Local Authority in person He had nothing to say of substance He might have had to face an awkward question about the Government’s recent performance … Continue reading
“Dripping with Money” – a Local Government Pension Fund funding problem
Announcing unaudited annual report to April 2023, Richard McIndoe of Strathclyde Pension Fund described his funding position as “dripping with money“. -1.6% investment return for the year -£495 million investment loss for the year £27.9 billion closing value as at 31st March 2023 … Continue reading
“There is no such thing as passive Paris alignment” LGPS urged to embrace scope 4
This is one of a number of short blogs I am producing , reporting on the issues dominating the PLSA’s Local Authority Pensions Conference being held between Cirencester and Cricklade in the Cotswolds Water Park. Till recently, LGPS was thought … Continue reading
Local Authority Conference 2023 – Why I’m going.
I’m heading west this morning – hiring a car to get to the Cotswolds Water Park where the PLSA is hosting its LGPS conference. I am going for three reasons I am interested in reform to the shonky state of … Continue reading
Why pension AVCs are back as a top employee benefit.
There are a number of reasons why AVCs are increasingly popular to members of occupational schemes, most of them come down to a dirty three-letter word – TAX. A sensational tax product TAX- Budget changes mean that saving more … Continue reading
What’s happening to your public sector pension?
This blog is written for those in public sector pensions who are interested in how their pensions in retirement are likely to be affected by Government interventions. It looks at the difficult areas for those in defined benefit schemes, the … Continue reading
Posted in pensions
Tagged Civil service, fire workers, LGPS, NHS, Pensions, public sector, Teachers, Tony Goldstone
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Public sector worker? Two great ways to boost your pension.
This chart is from LCP’s excellent paper “the ski-slope of doom” which explains that a generation of workplace savers employed in the private sector will no longer be getting DB pensions but inferior DC pots (which they will have to … Continue reading
Posted in pensions
Tagged AVC, AVC Wise, Jeff Houston, LGPS, Pensions, public sector, Shared cost
7 Comments
LGPS AVCs- how can Prudential get it this wrong?
Shaun Tetley (pictured) who is chair of the CIPP’s Public Sector Specialist Interest Group and an AVC specialist, has explained to me the problems the LGPS’ 90 pension funds are having with Prudential AVCs. Shaun and I have developed … Continue reading
Investing in the right place
I am very pleased to hear about a new project designed to get pension schemes investing in the right place. You can read about it here It’s an initiative that impacts us all, we all pay council tax or at … Continue reading
Posted in ESG, leadership, pensions
Tagged ESG, impact investing institute, LGPS, Make My Money Matter, pensions, Pensions for purpose, the good economy
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Pension committees “stay alert”!
Alarm bells rang when I read Stephanie Hawthorne’s report on the reaction of some Pension Schemes to the challenges of the current pandemic ‘Lockdown spikes fears of democratic deficit in LGPS’ A survey of 83 local authorities conducted … Continue reading
Posted in pensions
Tagged ft, Jeff Houston, LGPS, Local Government, Pension Age, pensions, Stephanie Hawthorne
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