Local Government Pension Scheme worries

[Plough Man]

I'm frightened about what might happen to my pension.

I believe that the bulk of the income (60%+) coming into the LGPS schemes comes from dividends from private companies eg utilities, BT Royal Mail etc. This is according to ? https://www.unison.org.uk/content/uploads/2016/09/23973.pdf

The businesses such as National Grid, United Utilities, Severn Trent, BT etc appear to pay annual dividends in the region of 4% to 6% per annum. So surely after nationalisation this income stream will no longer be available?

Corbyn has said he will nationalised these companies and give the shareholders government bonds. Sounds like unfair deal because an average bond pays less than 1% interest and can also fall in value.

The 10 year UK govt bond yields 0.71% and has dropped 49% in value in one year!

https://markets.ft.com/data/bonds/tearsheet/summary?s=UK10YG

Surely the pension LGPS fund will suffer and may not be able to pay its pensioners?

Any clarification would be appreciated.

[Melihoople]

Given recent polls I don't see them getting a majority to be able to do this anytime soon.