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.
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.
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.
This briefing highlights the key changes to the annual allowance (AA) and lifetime allowance (LTA) that came into force from 6 April 2016.
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 is becoming more and more important as the number and types of employers in the LGPS grows.
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.
Longevity is a topic of significant importance to defined benefit pension schemes and their actuaries. What can we learn from the latest research, what does it all mean for LGPS Funds - and why on earth does it have anything to do with shopping for shoes?
The market for providers of AVC arrangements had seen little development in recent years, with providers doing little to change their propositions. We’ve summarised some recently announced developments, and how we can help you review your AVC arrangements.
The new LGPS (Scotland) Regulations came into effect in June, in response to a previous consultant which had closed in January. Following the lead of the recent LGPS (Amendment) Regulations this new regulation introduces the possibility of an exit credit.