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News

10th November 2022 New Local Government Minister named

It has been confirmed that Lee Rowley MP will be…

Last edited: 9 Feb 26

1st November 2022 SAB statement on employer contributions

At its meeting on 10 October 2022 the Local Government…

Last edited: 9 Feb 26

19th October 2022 SAB Chair writes to Paul Scully MP on the Fair Deal policy

The Board Chair, Cllr Phillips, has written to the Minister to request…

Last edited: 9 Feb 26

18th October 2022 SAB Chair writes LGPS Scheme Advisory Board meeting invitation to Paul Scully MP

The Board Chair, Cllr Phillips, has written to the Minister to invite…

Last edited: 9 Feb 26

17th October 2022 Scheme Advisory Board issues response to HM Treasury’s exit pay consultation

In August, HM Treasury issued a consultation on a new…

Last edited: 9 Feb 26

1st September 2022 DLUHC launches its climate risk reporting consultation

DLUHC has launched its consultation regarding governance and reporting of climate change…

Last edited: 9 Feb 26

26th August 2022 SAB Chair writes to Paul Scully MP on age discrimination in LGPS benefits

The Board Chair, Cllr Phillips, has written to the Minister recommending reform…

Last edited: 9 Feb 26

3rd August 2022 SAB publishes statement in response to UKLFI’s letter to the SAB Chair

The SAB has published a statement in response to UKLFI’s…

Last edited: 9 Feb 26

3rd August 2022 SAB Chair writes to Paul Scully MP on Audit issues within the LGPS

The Board Chair, Cllr Phillips, has written to the Minister outlining issues…

Last edited: 9 Feb 26

2nd August 2022 McCloud update from DLUHC

DLUHC has provided an update on its work to rectify…

Last edited: 9 Feb 26

21st July 2022 Academy Trust and Local Government Pension Update

The Department for Education (DfE) has made a written ministerial statement confirming…

Last edited: 9 Feb 26

21st July 2022 New ministers for the LGPS

We understand that Paul Scully MP will be the new…

Last edited: 9 Feb 26

20th July 2022 Net Pay Arrangement Anomaly

HM Treasury has published draft legislation confirming that certain low earning individuals…

Last edited: 9 Feb 26

29th June 2022 LGPS 2016 Scheme Valuation Report published by Government Actuary’s Department

GAD has published its report on the 2016 scheme valuation which calculates…

Last edited: 9 Feb 26

12th May 2022 DLUHC publish Special Severance Payment Guidance

The Department for Levelling Up, Housing and Communities has published statutory…

Last edited: 9 Feb 26

11th May 2022 Queen’s Speech Update

Today the government’s legislative programme was laid out and as expected a Procurement…

Last edited: 9 Feb 26

27th April 2022 Board Chair writes to Minister Kemi Badenoch MP in response to the Levelling Up White Paper

Cllr Roger Phillips has written to the Minister to set out…

Last edited: 9 Feb 26

19th April 2022 Board Chair and Secretary meet with Minister Kemi Badenoch MP

Cllr Roger Phillips and Board Secretary Jo Donnelly had a…

Last edited: 9 Feb 26

17th March 2022 Public Service Pensions and Judicial Offices Bill receives Royal Assent

The Queen has now given Royal Assent to the PSPJO…

Last edited: 9 Feb 26

28th February 2022 LGPS Investments in Russia

In the light of events in Ukraine and resultant extant…

Last edited: 9 Feb 26

22nd February 2022 McCloud Bill reaches final stages

The report stage and third reading of the Public Service…

Last edited: 9 Feb 26

18th February 2022 Further amendments to the McCloud Bill

Further amendments to the Public Service Pensions and Judicial Offices Bill have…

Last edited: 10 Feb 26

1st February 2022 Change to DLUHC email addresses

From 1st February 2022 DLUHC email addresses will change from…

Last edited: 9 Feb 26

25th January 2022 Meeting with Mr Michael Lynk

The Chair of and representatives from LAPFF, together with the…

Last edited: 9 Feb 26

21st January 2022 PSPJO Bill amendments for LGPS

Amendments in respect of the LGPS to the Public Service Pensions and…

Last edited: 9 Feb 26

7th January 2022 Police Superintendents’ Association (PSA) Judicial Review Dismissed December 15th 2021

This Judicial Review claim argued that the process around the…

Last edited: 9 Feb 26

31st January 2022 DWP Consultation on Pensions Dashboards Regulations Launched

DWP have launched a consultation on the draft Pensions Dashboards Regulations.…

Last edited: 9 Feb 26

17th December 2021 Letter to all pension funds from Mr. Michael Lynk

Further to the 24th November update (below), the Board discussed…

Last edited: 9 Feb 26

24th November 2021 Letter to all pension funds from Mr. Michael Lynk

On 22nd November a letter was sent to all LGPS pension…

Last edited: 9 Feb 26

8th October 2021 HMT Cost Control Directions

On 7th October The Public Service Pensions (Valuations and Employer Cost…

Last edited: 9 Feb 26

6th October 2021 New minister for the LGPS

We understand that Kemi Badenoch MP will be the new minister for…

Last edited: 9 Feb 26

4th October 2021 HMT responds to Cost Control consultation

HM Treasury has published the outcome to the Public service pensions:…

Last edited: 9 Feb 26

21st September 2021 Public Service Pensions Bill moves toward committee stage

The Public Service Pensions and Judicial Offices Bill received its…

Last edited: 9 Feb 26

24th August 2021 TPR publishes interim response on combined code

The Pensions Regulator has published its Interim Response to the consultation…

Last edited: 9 Feb 26

19th August 2021 Board responds to cost control consultation

The Board has today submitted a response to HMT consultation on…

Last edited: 9 Feb 26

19th July 2021 Public Service Pensions Bill gets first reading

Today the The Public Service Pensions and Judicial Offices Bill started its…

Last edited: 9 Feb 26

8th July 2021 Launch of OPSC

The DWP has today launched the Occupational Pensions Stewardship Council (OPSC) which…

Last edited: 9 Feb 26

2nd July 2021 MHCLG publishes summary exit payment data

MHCLG has today published Local authority exit payments (first estimates), England,…

Last edited: 9 Feb 26

2nd July MHCLG commences consultation on special severance payments

HCLG has notified the SAB of a consultation on statutory…

Last edited: 9 Feb 26

1st July 2021 TPR publishes public sector survey

The Pensions Regulator (TPR) has published its annual Public service governance…

Last edited: 9 Feb 26

25th June 2021 SAB publishes response to DWP call for evidence

The SAB has submitted a response to the DWP’s Call for…

Last edited: 9 Feb 26

24th June 2021 HM Treasury Ministerial statement and publication of consultations

A Written Ministerial Statement has been laid today, announcing the publication of…

Last edited: 10 Feb 26

15th June 2021 HM Treasury Ministerial statement on the Government Actuary’s final report on his review of the cost control mechanism

A Written Ministerial Statement has been laid today, announcing the publication of…

Last edited: 10 Feb 26

8th June 2021 DWP publishes regulations and guidance on TCFD requirements for private sector schemes

The Department for Work and Pensions (DWP) today published regulations in…

Last edited: 10 Feb 26

28th May 2021 HMT issues severance guidance for rest of public sector

HM Treasury have issued Guidance on the use of Special Severance…

Last edited: 10 Feb 26

13th May 2021 Ministerial Statement on McCloud

A Written Ministerial Statement was published today setting out the high level…

Last edited: 10 Feb 26

11th May 2021 Public Service Pensions and Boycotts Bills in Queen’s speech

Today the government’s legislative programme was laid out and as…

Last edited: 10 Feb 26

28th April 2021 – Board Chair announces RI A-Z

The Board Chair Cllr Roger Phillips announced the launch of…

Last edited: 10 Feb 26

25th March 2021 – Remote meetings legislation not to be extended

Luke Hall MP wrote to councils on 25th March 2021 explaining that…

Last edited: 10 Feb 26

24th March 2021 – DWP call for evidence on social investment

A call for evidence entitled Consideration of social risks and opportunities…

Last edited: 10 Feb 26

Projects

Value for Money and Collaboration

Priorities Agreed top priority – Collation and publication of existing…

Last edited: 2 Mar 26

Cost management and contributions

Priorities Agreed top priority – Formalising the LGPS cost management…

Last edited: 2 Mar 26

Administration and Communications

Priorities Agreed top priority – both items of work listed…

Last edited: 2 Mar 26

Investment and Engagement

Priorities Agreed top priority – Developing recommendations on revised investment…

Last edited: 2 Mar 26

Deficits working group

Deficits working group update The Board’s deficits working group met…

Last edited: 2 Mar 26

Deficit management

Deficit management (working group) Details Last Updated: 12 August 2015 A small…

Last edited: 2 Mar 26

Guide to Annual Benefit Statements

Provides the Scheme Advisory Board’s understanding of the requirements for…

Last edited: 2 Mar 26

Board Procurement

Introduction The LGPS Scheme Advisory Board (SAB), established under the…

Last edited: 2 Mar 26

Board statement on publication of Phase III report

Board statement on publication of Phase III report The Phase III…

Last edited: 23 Jan 26

Timeline Phase I to Phase III

February 2021 – The Board considered the final Phase III report…

Last edited: 23 Jan 26

Tier 3 Employers

Admitted and other Scheduled Bodies (Tier 3 Employers) in the…

Last edited: 14 Nov 25

Review of academies

PwC Academies report – published 31st May 2017 The PwC…

Last edited: 23 Jan 26

Fund Annual Reports

Fund Annual Reports 2018

Last edited: 20 Jan 26

Fund Annual Reports 2017

Last edited: 21 Jan 26

Fund Annual Reports 2016

Last edited: 21 Jan 26

Fund Annual Reports 2015

Last edited: 21 Jan 26

Fund Annual Reports 2014

Last edited: 21 Jan 26

Fund Annual Reports 2013

Last edited: 24 Dec 25

Triennial Fund Valuations

Fund Valuations 2010

Last edited: 20 Jan 26

Fund Valuations 2013

Last edited: 20 Jan 26

Update Items

Board updates archive

This page lists the updates of the Scheme Advisory (and…

Last edited: 2 Mar 26

Valuation reports

The 2010 and 2013 valuation reports of individual LGPS funds…

Last edited: 10 Feb 26

Events

No items found.

Triennial Valuations

2013 Valuations – Summary

Triennial valuations in the LGPS (England & Wales) – A…

Last edited: 2 Mar 26

Scheme Annual Reports

Income and Expenditure

Net Assets of the Fund (£000s) At 31 March …

Last edited: 11 Feb 26

Funding Information

Actuarial Statement In line with the LGPS regulations, the funds’…

Last edited: 11 Feb 26

Investment performance

State Street Investment Analytics SSIA data Details Last Updated: 04 November…

Last edited: 11 Feb 26

Investments

Scheme Investments Change in allocation chart based on aggregated Net Asset…

Last edited: 11 Feb 26

Life Expectancy Index

Last edited: 11 Feb 26

Membership profile (sourced from GAD data)

The information and analysis on this page is based on that…

Last edited: 11 Feb 26

Membership

Total Membership As at 31 March 2013, the total membership…

Last edited: 11 Feb 26

Governance

Committee (or equivalent) membership LGPS funds may be overseen by…

Last edited: 11 Feb 26

Introduction

Last edited: 11 Feb 26

Chair’s Statement

Chair’s Foreword On behalf of the Shadow Scheme Advisory Board…

Last edited: 11 Feb 26

Scheme Annual Report 2013

Last edited: 11 Feb 26

Total Membership

As at 31 March 2014, the total membership of the…

Last edited: 20 Jan 26

Funding

In line with other UK public sector pension funds undergoes…

Last edited: 26 Jan 26

Governance 2014

Scheme governance, management, administration, transparency, and accountability At the national…

Last edited: 26 Jan 26

Highlights 2014

Membership The total membership of the LGPS grew by 243,000…

Last edited: 26 Jan 26

Chair’s Statement

On behalf of the Shadow Scheme Advisory Board I am…

Last edited: 26 Jan 26

Scheme Annual Report 2014

Last edited: 20 Jan 26

Advisor Statements

Scheme Advisors UK pensions law requires those charged with the…

Last edited: 9 Feb 26

Auditor Statements

Auditor Statements It is important that the Government, LGPS members,…

Last edited: 9 Feb 26

Financial Statements

Report pages

Last edited: 9 Feb 26

Benefits

Pension benefits, member services and communications The 5.2 million members…

Last edited: 9 Feb 26

Investment

Asset management and stewardship Stewardship and responsible investment Collectively the…

Last edited: 9 Feb 26

Membership

Total Membership As at 31 March 2015, the total membership…

Last edited: 9 Feb 26

Funding

In line with other UK public sector pension funds undergoes…

Last edited: 9 Feb 26

Governance

Scheme governance, management, administration, transparency, and accountability At the national…

Last edited: 9 Feb 26

Highlights

Membership The total membership of the LGPS grew by 144,000…

Last edited: 9 Feb 26

Chair’s Statement

On behalf of the Scheme Advisory Board I am delighted to…

Last edited: 9 Feb 26

Scheme Annual Report 2015

Report pages

Last edited: 9 Feb 26

Auditor Statements

It is important that the Government, LGPS members, employers and…

Last edited: 9 Feb 26

Advisor Statements

Scheme Advisors UK pensions law requires those charged with the…

Last edited: 9 Feb 26

Financial Statements

Report pages

Last edited: 9 Feb 26

Benefits

Pension benefits, member services and communications The 5.3 million members…

Last edited: 9 Feb 26

Investment

Asset management and stewardship Stewardship and responsible investment Collectively the…

Last edited: 9 Feb 26

Membership

Total Membership As at 31 March 2016, the total membership…

Last edited: 9 Feb 26

Funding

In line with other UK public sector pension funds, the…

Last edited: 9 Feb 26

Governance

Scheme governance, management, administration, transparency, and accountability At the national…

Last edited: 9 Feb 26

Highlights

Membership The total membership of the LGPS grew by 134,000…

Last edited: 9 Feb 26

Chair’s Statement

On behalf of the Scheme Advisory Board I am delighted…

Last edited: 9 Feb 26

Scheme Annual Report 2016

Report pages

Last edited: 9 Feb 26

Advisor Statements

Scheme Advisors UK pensions law requires those charged with the…

Last edited: 9 Feb 26

Auditor Statements

It is important that the Government, LGPS members, employers and…

Last edited: 9 Feb 26

Financial Statements

Report pages

Last edited: 9 Feb 26

Benefits

Pension benefits, member services and communications The 5.6 million members…

Last edited: 9 Feb 26

Investment

Asset management and stewardship Stewardship and responsible investment Collectively the…

Last edited: 9 Feb 26

Membership

Total Membership As at 31 March 2017, the total membership…

Last edited: 9 Feb 26

Funding

In line with other UK public sector pension funds, the…

Last edited: 9 Feb 26

Governance

Scheme governance, management, administration, transparency, and accountability At the national…

Last edited: 9 Feb 26

Highlights

Membership The total membership of the LGPS grew by 394,000…

Last edited: 9 Feb 26

Chair’s Statement

On behalf of the Scheme Advisory Board I am delighted…

Last edited: 9 Feb 26

Scheme Annual Report 2017

Report pages

Last edited: 9 Feb 26

Board Meetings

Board attendance records 2015 – 2025

Board membership and meeting attendance 2024/25 Name 22 July 2024…

Last edited: 4 Mar 26

Board Minutes 2014

Below are details of previous meetings of the Board including…

Last edited: 2 Mar 26

1 July 2021, 10.30am Advisory Board

Last edited: 5 Jan 26

27 September 2021, 1.00pm Advisory Board

Last edited: 5 Jan 26

13 December 2021, 1.00pm Advisory Board

Last edited: 5 Jan 26

Committee Meetings

28 February 2017, 11.00am, Cost Management, Benefit Design and Administration Committee

Last edited: 21 Jan 26

18 May 2017, 11.00am, Cost Management, Benefit Design and Administration Committee

Last edited: 21 Jan 26

7 November 2017, 11.00am, Cost Management, Benefit Design and Administration Committee

Last edited: 21 Jan 26

29 January 2018 Cost Management, Benefit Design and Administration Committee

Last edited: 19 Jan 26

24 May 2018 Cost Management, Benefit Design and Administration Committee

Last edited: 19 Jan 26

30 August 2018 Cost Management, Benefit Design and Administration Committee

Last edited: 19 Jan 26

5 February 2019 Cost Management, Benefit Design and Administration

Last edited: 19 Jan 26

5 December 2016 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

1 November 2016 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

21 March 2017 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

25 May 2017 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

26 July 2017 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

16 October 2017 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

11 January 2018 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

5 February 2018 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

30 May 2018 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

3 September 2018 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

9 December 2018 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

25 March 2019 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

3 June 2019 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

28 August 2019 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

7 October 2019 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

14 October 2019 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

13 January 2020 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

8 June 2020 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

13 July 2020 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

5 October 2020 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

12 October 2020 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

18 January 2021 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

11 January 2021 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

12 April 2021 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

19 April 2021 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

12 July 2021 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

19 July 2021 Investment, Governance and Engagement Committee

Last edited: 5 Jan 26

13 September 2021 Cost Management, Benefit Design and Administration Committee

Last edited: 5 Jan 26

20 September 2021 Investment, Governance and Engagement Committee

Last edited: 6 Jan 26

22 November 2021 Investment, Governance and Engagement Committee

Last edited: 6 Jan 26

15 November 2021 Cost Management, Benefit Design and Administration Committee

Last edited: 6 Jan 26

Advisory Group Meetings

3 February 2021, 11.00am Responsible Investment Advisory Group

Last edited: 4 Feb 26

14 April 2021, 11.00am Responsible Investment Advisory Group

Last edited: 4 Feb 26

RIAG 26 May 2021

Last edited: 4 Feb 26

RIAG 7 July 2021

Last edited: 4 Feb 26

RIAG 1 September 2021

Last edited: 4 Feb 26

Board Publications

Publications

Details Last Updated: 18 August 2016 Annual Reports The Scheme Advisory…

Last edited: 2 Mar 26

Board Guidance

Board Guidance

Guidance issued by the Board can be found in date…

Last edited: 2 Mar 26

LGPS Pools

Background Following the publication of guidance on the pooling of…

Last edited: 4 Mar 26

Laws, Regulation and Guidance

a) Statutory triennial reporting Source: Public Services Pensions Act (PSPA)…

Last edited: 2 Mar 26

Board Consultations

Consultation 2014

Local Government Pension Scheme: opportunities for collaboration, cost savings and…

Last edited: 2 Mar 26

Scheme Developments

Opting up process

The Board working with the LGA, the Investment Association and…

Last edited: 2 Mar 26

McCloud Q&A

The McCloud case Q&A for administering authorities – updated 17th…

Last edited: 2 Mar 26

Public Sector Exit Payments

PDF documents created by third parties may not be accessible…

Last edited: 2 Mar 26

MiFLD

How MiFID II impacts on the LGPS The implementation of…

Last edited: 2 Mar 26

McCloud

Last edited: 2 Mar 26

Responses to Consultations

Call for evidence – Board analysis

On the 21st June 2013 DCLG published a call for evidence…

Last edited: 2 Mar 26

28th Jan 2015 Shadow Scheme Advisory Board responds to Exit payments cap consultation

The Shadow Scheme Advisory Board (SSAB) of the Local Government…

Last edited: 2 Mar 26

24th November 2014 Shadow Scheme Advisory Board responds to consultation on governance and cost control

The Shadow Scheme Advisory Board (SSAB) of the Local Government…

Last edited: 2 Mar 26

Boycotts Divestment and Sanctions

Last edited: 2 Mar 26

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