Pensions

• Council pension fund forum welcomes Ryanair's chair stepping down

  The Local Authority Pension Fund Forum (LAPFF) has welcomed the announcement that the chair of Ryanair, David Bonderman, is stepping down from the role.

  

• LGA faces financial headache

  Smith Square has acknowledged the financial challenges it faces as it freezes subscriptions while grappling with declining Government grants and a pension scheme deficit.

  

• Outsourced council workers to have pensions protected

  Local government staff who have had their roles outsourced will receive increased pensions protections under new proposals published today.

  

• ‘Tweaking’ wealth taxes could raise £7bn a year, think tank says

  Reforming Britain’s wealth taxes could help the Government raise £7bn a year by 2022-23 to help cover the cost of public services, a think tank has argued.

  

• Council pension funds at financial risk from climate change, report warns

  Local Government Pension Funds (LGPFs) are failing to protect themselves from the financial risk posed by climate change, a new report has warned today.

  

• Council pension fund forum calls for Ryanair chair to step down

  An association of council pension funds has called for the replacement of Ryanair’s chair and has urged Michael O’Leary to set out his succession plans.

  

• Council employee convicted of £1m pension fund fraud

  A former Westminster City Council employee has been convicted for defrauding the council pension fund of nearly £1m.

  

• Local authority pension partners commits further £550m to infrastructure fund

  The local authority pension partners of GLIL Infrastructure LLP have doubled their pledge to the infrastructure fund, bringing the total they have invested to more than £1.8bn.

  

• Labour warn of £2.7bn NHS cuts due to pension bungle

  The Government is planning to make £2.7bn of further cuts to the NHS before next election because of a bungle over pensions, according to the Labour Party.

  

• Local government pension scheme makes 'significant progress'

  The scheme that pays the pensions of local government workers is in a strong financial position and has made 'significant progress', according to a review.