Jonathan Werran 19 May 2015

Clark urged to tackle £47bn local government pension deficit

Clark urged to tackle £47bn local government pension deficit image

The £47bn deficit in the local government pension scheme (LGPS) should be a top priority for new communities minister, Greg Clark, experts area advising.

A survey conducted by the National Association of Pension Funds (NAPF) found more than a third of LGPS fund members (35%) said the incoming communities secretary should focus on tackling spiralling deficits.

Around three-quarters (72%) of those polled thought their funding position would improve or flatline compared to 2013, while more than one-fifth (22%) thought their overall funding level would deteriorate.

Speaking at the NAPF annual conference, chief executive Joanne Segars said managing the £47bn deficit would be the ‘defining issue’ for the LGPS over the coming years.

Ms Segars said: ‘The LGPS is a great scheme, but we know there is room for improvement.’

She also announced plans to publish a NAPF guide to LGPS governance and extend the existing NAPF training offer to support LGPS members – including those on new pensions boards.

Overcoming the barriers to Commercial Card use image

Overcoming the barriers to Commercial Card use

Want to reap the benefits of Commercial Cards but coming up against some challenges? James Sykes, Head of Commercial Cards, Lloyds Bank and David Legg, Head of Corporate Card Products, Lloyds Bank, discuss how the payments industry is helping organisations unlock their true value.
SIGN UP
For your free daily news bulletin
Highways jobs

Independent non-executive members of proposed NHS Integrated Care Boards

NHS
Competitive
Do you have the vision to shape the future of health and care for people in your area? Nationwide
Recuriter: NHS

Lead Community Protection Officer

Royal Borough of Greenwich
£37722 - £40869 per annum + value award of £2,472 per annum
2 x Lead Community Protection OfficersCommunity Protection Team(PO3 plus an incremental value award of £2,472 per annum) Permanent Our Community Prote England, London, Woolwich
Recuriter: Royal Borough of Greenwich

School Organisation Project Officer

Camden London Borough Council
£41,952- £48,663
We’re giving a platform to people inside and outside our community. Because, we’re not just home to the UK’s fast-growing economy. Camden, London (Greater)
Recuriter: Camden London Borough Council

Service Manager (Referral and Assessment)

London Borough of Richmond upon Thames and London Borough of Wandsworth
£60,426 to £74,202 per annum
Can you inspire, encourage, and develop excellent social work practice to make a real difference in the lives of children and young people? Wandsworth, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Asset Management Team Administrator

The Royal Borough of Kensington & Chelsea Council
£26,544 - £30,618 per annum
The role is what you make it, and the more you put in, the bigger the difference you can make to... Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue