Laura Sharman 05 April 2016

Petition calls for debate on reforms to council pension schemes

Petition calls for debate on reforms to council pension schemes image

A petition calling for a parliamentary debate on plans to force local government pension funds to invest money in infrastructure projects has been signed by more than 12,000 people.

The petition has been organised by trade union Unison, who warn the Government should not be allowed to ‘gamble’ away council workers' pensions.

The plans outlined by the chancellor last year would see the assets of 89 pension funds pooled together into six new British Wealth Funds.

However, Unison said while it was not against LGPS funds investing in infrastructure, decisions should be made by members rather than ministers to ensure the best rate of return.

The petition states: ‘Government wants powers over LGPS investment funds, but they could gamble away members’ money on infrastructure projects. This is not allowed in any other UK scheme, including the MPs'. The LGPS must be invested in members’ best interests.’

The petition, which was published a week ago, requires 100,000 signatures to be considered for debate in Parliament.

Last month it was reported that a judicial review could be launched against the Whitehall plans, with lawyers claiming they could be in breach of an European Union directive.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Highways & Transport

City of York Council
£58,568 - £66,923 per annum
This is hugely exciting time to join the Council in this new role as the strategic lead for our Highways and Transport service. York, North Yorkshire
Recuriter: City of York Council

Youth & Community Based Commissioner

Essex County Council
£19308 - £19631 per annum
Youth & Community Based Commissioner Permanent, Part Time £19,308 to £19,631 per annum (FTE) Location
Recuriter: Essex County Council

Social Worker - Family Support & Protection Team

Essex County Council
Up to £207 per day + Umbrella
Family Operations delivers direct provision of services relating to vulnerable children, young people and complex families. These services will be del England, Essex, Harlow
Recuriter: Essex County Council

District Youth and Community Commissioner in Training

Essex County Council
£25313 - £28001 per annum
District Youth and Community Commissioner in Training Permanent, Full Time £25,313 - £28,001 Per Annum Location
Recuriter: Essex County Council

Social Worker - Early Intervention Team

Essex County Council
Up to £207 per day + Umbrella
*** This is a temporary position to start as soon as possible based at Colchester Hospital ***About the RoleWorking to support adults, and their famil England, Essex, Colchester
Recuriter: Essex County 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