News
Board summary statement on the management of the LGPS and the statutory role of the SAB
The Board is releasing this short summary of the management of the LGPS and the statutory role of SAB, and does not recognise claims made today by Reform UK.Board commissions legal advice on pooling governance and conflict of interests
The Board commissioned high-level advice from the legal firm Burges Salmon to help administering authorities consider practical ways of working that were consistent with the government’s Fit for the Future…Board statement on Palestine Solidarity Campaign’s recent letter and position paper
The Board is aware that many funds will have received a letter this week from the Palestine Solidarity Campaign, alleging that LGPS administering authorities are in breach of their legal…Board survey: Understanding diversity of representation and Peer Support insight
On 18th August 2025, the Board launched a short survey to seek information from LGPS administering authorities on: The diversity of representation within Pension Committees and Boards Views on Peer…Board response to Local Government Pension Scheme in England and Wales: Access and fairness consultation
The Board has submitted its response to the Government’s Access and Fairness consultation that was published on 15 May 2025. For this consultation, the Board agreed to adopt the response…Scheme Advisory Board Annual Assembly
On 25 July 2025, an email invitation was sent to Pension Committee and Board Chairs to attend the Board’s inaugural Annual Assembly. The Annual Assembly event will be a unique…Board launches consultation on the LGPS Code of Transparency
On 14 July 2025, the Board launched a consultation on proposed changes to the LGPS Code of Transparency. The Code launched in May 2017 and details the obligations on Code…Scheme Advisory Board statement following Government response to Fit for Future consultation
Today, the Government has released its response to the Fit for the Future consultation. Comment on the response, the Board Chair, Cllr Roger Phillips has released this statement on behalf…Board Statement on the 2025 Actuarial Valuation
When the Board met in March 2025, the Cost Management, Benefit Design and Administration Committee (CMBDA) made a recommendation for the Board to issue a statement to provide guidance to…Gender Pensions Gap roundtable event
Following the launch of the Government’s ‘Access and Fairness’ consultation which includes proposals on Gender Pensions Gap reporting for the LGPS, the Board is organising an event to bring together…LGPS ‘Access and fairness’ consultation launched
On 15 May 2025, Government launched a consultation on changes to the Local Government Pension Scheme (LGPS) in England and Wales. The proposed changes are intended to improve fairness in…Publication of the Scheme Annual Report
The Scheme Advisory Board has published its twelfth Scheme Annual Report. This report aggregates information supplied in the 86 fund annual reports, as of 31 March 2024 for the reporting…Board letter to Pensions Minister and Local Government Minister on pooling decisions
The Board made an initial statement on 11 April in response to receiving the Government letters to the eight investment pools in LGPS outlining Ministerial decisions on the proposals submitted…Government responds to consultation on Local Audit Reform
In its response to the consultation launched on 16 December 2024 on the Local Audit Reform Strategy, the Government has outlined a commitment to separate pension fund accounts from administering…Board summary note of Nigel Giffin KC’s legal advice on fiduciary duty
In January 2025, the Board received updated legal advice on fiduciary duty in the LGPS from Nigel Giffin KC. At the request of the Board, a summary note which summarises…Board statement following pooling decision letters issued by Government
The Board has been made aware that the Government has written to pools and administering authorities this week with decisions following pools submitting proposals to Government as part of the…SAB Chair writes welcome letter to new Pensions Minister Torsten Bell
The Scheme Advisory Board Chair, Cllr Roger Phillips has written to the new Pensions Minister Torsten Bell to welcome him to his role. The letter makes three recommendations to the…Letter from Michelle Warbis to LGPS Administering Authorities
On the 10 March 2025, administering authorities in England and Wales received a letter from Michelle Warbis (Deputy Director Local Taxation and Local Government Pensions) at the Ministry of Housing,Communities…
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