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Barnett Waddingham
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Briefings: Actuarial and benefit consulting services

LGPS proposals: local valuation cycles and exits

Where the Olympic rings represent the five different continents of the world, the areas of the consultation also relate to five different areas; the frequency of local funding valuations, interim valuations, exit payments, exit credits and higher & further education membership of the LGPS.

Consulting on Fair Deal in the LGPS

The LGPS has been waiting since 2013 for New Fair Deal to be enshrined into its regulations. Following an earlier consultation and subsequent rejection of the proposals, this new consultation proposes a different way forward.

Bulk transfers in the LGPS

Transfers to non-LGPS arrangements can be more complicated and are covered by different regulations. This Note sets out some of the principles and issues associated with bulk transfers between Local Government Pension Scheme (LGPS) Funds.

The DB Odyssey

With fewer DB pension schemes open to new joiners, many DB schemes are now on the long road to their end. This makes it increasingly important for trustees and employers to think carefully about what they are trying to achieve in the long term.

Managing Ill Health

It is important that LGPS Funds have a policy to deal with ill health retirement risk. Although relatively rare, ill health retirements can be costly. The 2019 valuation is a good opportunity to put a policy in place.

Assessing Employer Covenant

Assessing employer covenant is becoming more and more important as the number and types of employers in the LGPS grows.

Cost management in the LGPS and the 2019 valuation outlook

The 2019 formal valuations for the English and Welsh funds in the Local Government Pension Scheme (LGPS) are fast approaching and preparation is key. As if there wasn’t enough to do already, the cost control mechanism has been triggered.

LGPS (Amendment) Regulations 2018: examining exit credits

The new LGPS (Amendment) Regulations 2018 finally emerged on 19 April 2018, and came into force on 14 May 2018. We discuss the arising issues that administering authorities should consider with regard to exit credits.

Pass-through arrangements

Our latest note outlines some of the considerations that should be taken if a new employer becomes an admission body within an LGPS Fund under a pass-through arrangement. Read the note to find out more.

Mortality analysis for LGPS Funds

As part of the 31 March 2016 valuation process, 15 of the English Funds participating in the Local Government Pension Scheme (LGPS) advised by Barnett Waddingham agreed to take part in a project to comprehensively review their mortality assumptions.

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