2018 was another eventful year for pensions. In the LGPS we saw three new sets of regulations passed introducing exit credits, equalisation of survivor benefits and new powers for MHCLG to issue statutory guidance.
As technology continues to change the way we live and work, a core element of our service offerings is online access via the internet. BWebstream is our secure, easy to use, fully-integrated online platform for pension schemes, giving exceptional control over administration. Lisa Hodge from the Public Sector Consulting team tells us how the team has been using the tool.
2018 has been as eventful as ever in the LGPS. In the countdown to Christmas, Associate Melanie Durrant reflects back on the last 12 months, starting from A to Z.
“Your statutory rights are unaffected”, “subject to approval”, “terms and conditions apply”; there is plenty of small print in our lives. TAS 100 isn't just small print for actuaries though: it's a key part of a framework of professional standards.
Aon released their report commissioned by the Scheme Advisory Board, identifying potential issues surrounding the participation of Tier 3 employers in the LGPS. We’ve set out some of the key issues and findings.
Given the focus on pensions in recent budgets, we were all hoping that the Chancellor would leave public sector pensions alone. Largely this was the case in last week's budget.
GDPR has been in force for a couple of months now and the flurry of opt-in emails and bulletins has finally died down. As actuaries in the public sector, the impact on day-to-day business has been, well, surprisingly minimal.
The LGPS SAB released their latest report on 22 May, providing information on the status of the LGPS for its members, employers and any other bodies. We’ve shared key things for fund actuaries in the lead up to the 2019 valuation.
Louise Lau, Actuary, provides some initial thoughts around the options put forward in the Scottish LGPS structure consultation and asks: what are some of the considerations to be had and what would be the potential consequences of such changes?
April has been a busy month for us - producing accounting reports for hundreds of participating employers in the LGPS. Roisin McGuire, Associate in Public Sector Consulting, reports about SEDR and the change in approach taken in accounting assumptions this year.