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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…New LGA Head of Pension and Secretary to the LGPS Advisory Board appointed
Many of you will know that Joanne Donnelly is leaving the LGA at the end of February. The next Head of Pensions at the LGA and Secretary to the LGPS…Letter to Chief Financial Officers and Pension Committee Chairs
The Board Chair, Cllr Roger Phillips, has written a letter for the attention of Chief Financial Officers and Pension Committee Chairs at administering authorities to ensure that administering authorities provide…Board response to Government’s Local Audit Reform consultation
Following publication of the Government’s English Devolution White Paper on 16 December 2024, a consultation was launched setting out proposals for overhauling the local audit system in England. The consultation…Board publishes an Annual Review
The Board Chair, Cllr Roger Phillips has published the Board’s inaugural Annual Review. This document is a factual based overview of the work completed by the Board over the previous…Board receives updated opinion on the fiduciary duty in the context of the LGPS entitled “Local Government Pension Scheme: Investments and Non-Financial Considerations from Nigel Giffin KC (Counsel)
The Board has now received Nigel Giffin KC’s updated opinion on the fiduciary duty in the context of the LGPS – which is intended as a review of and update…Updated guidance for preparing and maintaining a Funding Strategy Statement (FSS) is now available
Updated guidance for preparing and maintaining a FSS can be found on the Board guidance page. This guidance is the latest publication which has been reviewed and jointly approved by…The Board has approved its response to the Local Government Pension Scheme (England and Wales): Fit for the Future Consultation
The Board Chair, Cllr Roger Phillips, and Vice-Chair, Jon Richards of Unison, have approved the response that the Board intends to make to the government’s Fit for the future consultation…
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