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Pension fund is efficient
A pension fund for West Yorkshire’s local government employees has the lowest administration costs in the country.
The West Yorkshire Pension Fund spent the least on admin out of all 89 funds across England and Wales in 2011/12, it has been revealed.
And this success is continuing, with the spend for 2012/13 coming in at £560,000 less than expected.
This was because of a range of efficiency measures, including a new computer system which allowed it to reduce its staffing levels, its latest meeting heard.