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Broad support for LGPS consultation proposals; calls for clarity remain


By Callum Conway

Several pension organisations have backed proposals to improve fairness and tackle inequality in the Local Government Pension Scheme (LGPS), although concerns around implementation and the administrative burden remain.

There have also been calls for further clarity and guidance on key issues, including the steps that administering authorities should take to identify potential beneficiaries and measures related to the gender pensions gap


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PPF invoicing delay keeps zero levy option alive

The Pension Protection Fund (PPF) has confirmed that it has put the 2025/26 PPF levy invoicing on hold, leaving the door open for the PPF to move to a zero levy for conventional schemes for 2025/26

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FCA looks to ease climate reporting burden

The Financial Conduct Authority (FCA) has announced that it is considering how to streamline and enhance its sustainability reporting framework for asset managers, life insurers and FCA-regulated pension providers, as it looks to ease "unnecessary" burdens

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WCF Ltd Scheme completes £7.2m buy-in with L&G

The WCF Ltd Staff Retirement Benefits Scheme has completed a £7.2m buy-in with Legal & General (L&G), securing benefits for its remaining 122 deferred members

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'Modest' impact on pensions expected as BoE cuts base rate to 4%

The Bank of England (BoE) has cut the base rate from 4.25 per cent to 4 per cent, although industry experts suggested this will only have a "modest" impact on defined benefit (DB) and defined contribution (DC) pension schemes

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Busy H2 expected for DB de-risking market following muted H1

Activity in the pension risk transfer market is expected to be "much busier" in the second half of 2025, with momentum in all segments as multiple small, medium, and large schemes come to market, Just Group has said

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Changing market prompts rise in large schemes adopting OCIO arrangements

Changing market conditions have accelerated interest in outsourced chief investment officer (OCIO) arrangements, Isio has said, with more large schemes now considering or implementing OCIO arrangements

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Pension scheme recovers 'millions' following TPR action

More than £2.5m will be paid into the Danapak Flexibles Retirement Benefits Scheme (DFRBS) following a recent court ruling and previous enforcement action by The Pensions Regulator (TPR)
MMC pension fund’s Sedgwick section completes £1.9bn buy-in with Standard Life

The Sedgwick Section of the MMC UK Pension Fund has completed a £1.9bn buy-in with Standard Life, covering the benefits of all 6,500 members of this section of the scheme
DB scheme funding levels continue upward trend in July

Defined benefit (DB) pension scheme funding levels continued to improve in July 2025, despite ongoing global market uncertainty, according to the latest data from Broadstone
PCS calls for CSPS admin to be brought back in-house after reaching 'crisis point'

The administration of the Civil Service Pension Scheme (CSPS) has reached a “crisis point” and could be at risk of collapse, the Public and Commercial Services Union (PCS) has warned, calling for the scheme’s administration to be brought back in-house

'Significant' work to be done ahead of govt roadmap, L&G says

Significant work will be required over the next two years to implement the changes outlined in the Pension Schemes Bill and the regulatory changes committed to in the Mansion House Accord, Legal & General (L&G) has said
Everton becomes first Premier League football club to adopt Living Pension standard

Everton Football Club has become the first Premier League club to sign up to the Living Pension, a voluntary savings standard launched by the Living Wage Foundation in March 2023


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Highlighted Content

Endgame: The steps to success

Just Defined Benefits head of proposition development, Andy Fryer, shares what he has learnt following his move from the consultancy side to now working for an insurer

Podcast: Who matters most in pensions?

CIn the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs

Top tips for preparing your Own Risk Assessment

Susan Hoare explores how pension scheme trustees can get the most value from their first Own Risk Assessment (ORA).

Pension reform with long-term ambitions

The Pension Schemes Bill proposes a bold shift in UK pensions; delivering real value requires industry-wide effort

Surplus extraction is here: What should DB schemes do now?

L&G Head of Endgame Solutions, Mathew Webb, outlines what DB schemes should do now as surplus extraction rules evolve

LGPS: Staying on track

As the government ramps up its focus on the LGPS, our panel looks at what lies ahead for the scheme, the challenges it faces and the investment opportunities out there

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Shifting gears

As the pensions landscape consolidates and evolves, Paige Perrin examines how The Pensions Regulator is adapting its role by shifting toward a more ‘prudential’ style of regulation. But what does this mean for the industry, and how is it reshaping relationships between the regulators, pension schemes, and trustees?

Finally on target?

Callum Conway looks at why the freedom and choice reforms failed to close the pensions advice gap, and how targeted support might offer the solution

Getting to grips with the pension ethnicity gap

Pension engagement among non-white savers is still lagging, posing challenging questions for the industry to answer. As part of Pensions Age’s year-long focus on diversity, equity and inclusion (DEI), Jon Yarker finds out more

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Getting entangled in sustainable investing red tape

UK pension schemes have a unique role to play in driving sustainable impact, but complex rules are slowing momentum

Eyes on the prize

Regulators and policymakers continue to consult on whether DC schemes provide value

for money to members. But is there a risk their good intentions will be overwhelmed by other

political priorities? David Adams reports

Thinking differently

As part of Pensions Age’s year-long special focus on diversity, equity and inclusion (DEI),

Laura Blows explores neurodiversity and the pensions workplace

The best laid plans?

The government has confirmed that it will share a pension reform roadmap, but exactly what should be at the top of this list? Sophie Smith reports

Building a buy-in

Skipton group pensions manager, Andy Cheetham, pulls back the curtain on the pension scheme’s recent journey to a full buy-in

From data to delivery

Pensions Age sits down with Pension Administration Standards Association (PASA) chair, David Fairs, to discuss his newly appointed role and to find out how the association is raising administration standards and tackling data and dashboards challenges head-on

Trump’s tariffs spark a closer look at Europe

Sandra Haurant considers how Trump’s tariffs may have shifted investor attitudes towards the

European equities market

Inherited problems

The government’s plans to include pensions in the scope of inheritance tax has generated concern about how its rules can be feasibly implemented within the pensions industry. Laura Blows finds out more

Turning back time

DB schemes are currently enjoying funding surpluses, but haven’t we been here before? Laura Blows considers the changes and challenges that have occurred since the previous era of DB surplus in the 1980s/1990s, and the lessons to be learnt from that time

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A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

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Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

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