“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.
Changes to Regulation 64 of the LGPS Regulations 2013 will offer greater flexibility. Annemarie Allen provides some insight on what has changed and what this means for scheme employers and administering authorities.
Investment pools have been given a target date of 1 April 2018 to be established formally. Melanie Durrant, of Public Sector Consulting, reports back from the LGC Investment Seminar.
A vote to leave the EU, a new Prime Minister and a new direction of travel for the country – Brexit has profound implications for us all. But what does Brexit mean for UK pensions?