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The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers. [1] It is a defined benefit pension plan. Administration is carried out through 89 [2] regional pension funds such as Greater Manchester Pension Fund and London Pensions Fund ...
It is open to all members of the Local Government Pension Scheme and public sector funds in the UK. It had £26.3 billion of assets under management in June 2024 [ 4 ] and according to its website and serves 660,000 members from more than 2,000 different employers.
It is run by Tameside Metropolitan Borough Council [1] and follows the rules of the Local Government Pension Scheme. With £23 billion in assets as of 2018, [2] [3] it is the largest local authority pension scheme in the UK and 9th largest pension fund in the UK (including private companies) overall. [4]
Pensions of captains who retire at the age of 55, commanders, who retire at 50, and lieutenants who retire at 45, ranged from £200 per annum for 17 years' service to £525 for 24 years' service. The pensions of other officers were calculated in the same way, according to age and length of service.
In 2016 LPFA created the Local Pensions Partnership in collaboration with Lancashire County Pension Fund [2] to pool resources and improve management for the benefit of their members and employers. The LPP was set up to be open to other Local Government Pension Scheme and public sector funds in the UK. [3] [4]
PensionBee is a British online personal pension scheme provider. It was co-founded in 2014 by its chief executive officer, Romi Savova, and chief technology officer, Jonathan Lister Parsons. It is authorised and regulated by the Financial Conduct Authority. [1]
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National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.