News
Letter to MHCLG re Funding Strategy Statement guidance
The Board Secretariat has written to MHCLG officials to recommend Ministerial approval on guidance produced by the Board, and the Chartered Institute of Public Finance and Accountancy (CIPFA), for administering…LGPS “Fit for the Future” Consultation launched
As briefed in national news yesterday, the Chancellor announced plans for further reform in the LGPS in a consultation which closes on 16 January 2025. These reforms will be focused…Department for Education Guarantee
On 12th November 2024, Bridget Phillipson, Secretary of State for Education made a statement which confirmed that the Department for Education (DfE) has put in assurance to the LGPS for…Letter to Jim McMahon MP on separation of Local Government Pension Scheme (LGPS) accounts
The Board Secretary has recently written to Local Government Minister, Jim McMahon MP, to reconfirm the Board’s previous recommendation made for the separation of pension fund accounts from the administering…Board publishes Counsel opinion on the Local Government Pension Scheme and implications of the current events concerning Gaza
The Board has been made aware that a number of administering authorities have received letters that allege that they are acting unlawfully by holding, and failing to divest from, investments…Pensions Investment Review: Call for Evidence
The Board has submitted its response to the Pensions Review Call for Evidence that went out on 4th September 2024. Responses were limited to 500 words per question which made…SAB Statement on Fiduciary Duty and dealing with lobbying
The Board is pleased to be able to publish this statement, which it agreed was necessary at its July 2024 meeting to address the current situation whereby administering authorities are…Call for Evidence published by HM Treasury
A Call for Evidence has been published inviting interested parties to inform the first phase of the Pensions Investment Review. The Call for Evidence includes questions for stakeholders within the…Update on SAB statement following July 2024 Board meeting and investigation into further opinion on fiduciary duty
At its July 2024 meeting, the Scheme Advisory Board agreed to draft a statement to share with LGPS funds and stakeholders that addressed the current situation whereby administering authorities are…Review of the LGPS E&W 2022 Fund Valuations – Section 13 Report Published
The Government Actuary’s Department has published its report to the Ministry of Housing, Communities and Local Government on the 2022 fund valuations, which is required by section 13 of the…Letter to MHCLG re: Shared Cost Additional Pension Contributions (SCAPCs)
The Board Secretariat has recently written to MHCLG officials to ask for a review of the actuarial factors and regulations surrounding SCAPC’s. This was one of the first recommendations of…SAB Cost Management Process now complete
The Government Actuary’s Department has now completed the scheme cost assessment required under Regulation 116 of the LGPS Regulations 2013. The final report was completed using methodology and assumptions determined…Code of Transparency Early Market Engagement supporting information
On 28th June 2024, the Board launched an early market engagement exercise with the aim of exploring the potential future iterations of the Code of Transparency data system which was…SAB Chair writes welcome letter to new Local Government Minister, Jim McMahon MP
The Board Chair, Cllr Roger Phillips, has written a letter of welcome and asked for an early meeting with the new Local Government Minister, Jim McMahon MP. In his letter…Code of Transparency data system early market engagement exercise now live
To support compliance with the LGPS Code of Transparency, the LGPS Scheme Advisory Board is now researching the longer-term future of the data compliance system that supports it. As part…Scheme Advisory Board statement in response to the Local Government Minister letter to all LGPS funds in England sent on 15th May 2024
Funds have been encouraged to respond to the minister’s letter dated May 15th by sending a response directed to the officials at the DLUHC pensions team to assist them with…Publication of the Scheme Annual Report
The Scheme Advisory Board has published its eleventh Scheme Annual Report. The aim of the Scheme Annual Report is to provide a single source of information about the status of…New LGPS informer document launched
The Scheme Advisory Board along with the Institute of Chartered Accountants in England and Wales (ICAEW) has published an informer document to explain the timeline and information flow for the…
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