Laura Sharman 14 May 2020

Government backs merger of two council pension funds

The Government has given the go-ahead to merge two local government pension funds.

It has confirmed it has decided to proceed with the merger of the Northumberland Pension Fund and the Tyne and Wear Pension Fund.

It is estimated that the newly merged fund will generate savings of up to 12% per annum, with all costs offset within three years.

The Government response stated: 'After careful consideration, the Government has decided to proceed with the merger of the two pension funds.

'The joint application which was submitted to the secretary of state in December 2019 set out a strong case for the merger of the two funds and outlined the support from key parties including both local pensions committees, both local pension boards and the six principal local authorities in the area.'

SIGN UP
For your free daily news bulletin
Highways jobs

Makaton Tutor - Part Time / Term Time

Essex County Council
£25821.00 - £30377.00 per annum + + Pension
Makaton Tutor - Part Time / Term TimePermanent, Part Time£30,377 per annum, full time equivalent / equal to £15.74 per hour.Location
Recuriter: Essex County Council

Assistant Urban Design Intern

Essex County Council
Up to £25081.00 per annum + + 26 Days Leave & Local Gov Pension
Assistant Urban Design InternFixed Term, Full Time£25,081 per annumLocation
Recuriter: Essex County Council

Wellbeing and Independence Practitioner - Safeguarding Team

Essex County Council
£31931.00 - £36423.00 per annum + + 26 Days Leave & Local Gov Pension
Wellbeing and Independence Practitioner - ASC Centralised Safeguarding TeamFixed Term, Full Time£31,931 to £36,423 per annumLocation
Recuriter: Essex County Council

Financial Strategy Manager (Revenue)

The Royal Borough of Kensington & Chelsea Council
Negotiable
Bring clarity to complex decisions and help shape how we invest in our borough's future.Bring clarity to complex decisions and help shape how we inves England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Team Manager - Locality

Wakefield Council
£55,979.00, Grade 13
Wakefield Children’s Services have been rated by Ofsted as GOOD with outstanding leadership. Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner