Proposed merger of the Northumberland and Tyne and Wear pension funds
We are consulting on a proposal to merge two local government pension funds – the Northumberland Pension Fund and the Tyne and Wear Pension Fund.
Detail
Northumberland County Council and South Tyneside Council are both administering authorities of the Local Government Pension Scheme, in relation to the Northumberland Pension Fund and the Tyne and Wear Pension Fund respectively.
Both funds have worked closely together in recent years, and have now applied to the Secretary of State to merge in order to make further efficiencies savings.
This consultation seeks views on the proposed merger and the terms of that merger.
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