News
Dissolution of Parliament – Impact on Economic Affairs of Public Bodies (Overseas Matters) Bill
The Scheme Advisory Board understands that today's dissolution of Parliament means that the EAPB(OM) Bill – more commonly known as the BDS Bill – falls, as it has not proceeded…SAB writes letter to the Chief Secretary to the Treasury, Laura Trott MP about the gender pensions gap
The Scheme Advisory Board has written to the Chief Secretary to the Treasury, Laura Trott MP, suggesting that the Government take a consistent and active approach to the gender pensions…SAB Scheme Cost Assessment now complete
The Government Actuary’s Department has completed the valuation of the Local Government Pension Scheme (England and Wales) as at 31 March 2020. This was the first scheme valuation undertaken since…Publication of Fire Brigades Union and British Medical Association vs HM Treasury Cost Control Mechanism Appeal Decision
The full judgment in the Fire Brigades Union and British Medical Association vs HM Treasury Cost Control Mechanism appeal has now been published. The Court of Appeal agreed with the…‘Preparing the Pension Fund Annual Report’ updated guidance now published
The updated guidance for preparing the fund annual report can be found on the Board guidance page. This guidance is the first publication which has been reviewed and jointly approved…SAB blog post on the Gender Pensions Gap in the LGPS
Jo Donnelly, Head of Pensions at the LGA, and Secretary to the Local Government Pension Scheme Advisory Board has written a blog post to set out the SAB’s work on…Summary of Lydia Seymour (Counsel)’s legal advice following receipt of Sharia Law and the LGPS report
In December 2023, the Board approached Lydia Seymour (Counsel) following the receipt of a report into the relationship between Sharia Law and the LGPS written by Mufti Faraz Adam of Amanah…Economic Activity of Public Bodies (Overseas Matters) Bill enters Committee Stage
The Economic Activity of Public Bodies (Overseas Matters) Bill, also known as the Boycotts, Divestments and Sanctions Bill has entered Committee Stage after its second reading in the House of Lords…Board issues response to DLUHC’s consultation on audit backlog
The SAB has issued a short response to the DLUHC consultation on “Addressing the local audit backlog in England“. The consultation was discussed at the Compliance and Reporting Committee when it met on…Board Chair and Secretary meet with Minister Simon Hoare MP
On Tuesday January 16th the Chair of the Board, Cllr Roger Phillips, and the Board Secretary Jo Donnelly were pleased to meet the minister for local government, Simon Hoare MP,…SAB commissioned report on the LGPS and Sharia law
In 2022, the Board considered the legal advice of Lydia Seymour (Counsel) on the issue of members opting out of the LGPS on the basis of their (principally Islamic) religious…Scheme Advisory Board (SAB) update on The Pension Regulator’s (TPR) General Code of Practice
The Scheme Advisory Board welcomes the publication of The Pension Regulator’s (TPR) General Code of Practice (‘the Code’) which has been laid in Parliament and which is expected to come…SAB issues statement on surpluses
The Board hopes that the full statement it has issued on the topic of fund surpluses is helpful to LGPS fund officers, LGPS employers, pension committee and board members, as…DLUHC publishes Investments Consultation response
Alongside the Chancellor’s Autumn Statement, the response to the “next steps on investments” consultation was published by DLUHC on 22 November 2023.The consultation largely adopts the measures the government originally consulted on,…SAB issues guidance on Academy Conversions
In response to a recommendation in the s13 Report on the 2019 fund valuations, produced by the Government Actuary’s Department (GAD), the Scheme Advisory Board has prepared guidance on common actuarial approaches…SAB Chair writes to the Department on New Fair Deal consultation response
Cllr Phillips has written to the Department for an update with progress with the implementation of New Fair Deal in LGPS. This is in response to increasing representations from both employee representatives…SAB submits full response to DLUHC’s Investments Consultation
The Board has today submitted its full response to DLUHC’s consultation on investment issues which opened on 11th July 2023. This consultation included proposals in a range of areas, including; setting a…HM Treasury publishes WMS on Treasury Cost Control Mechanism
On 19 September 2023, HM Treasury issued a written ministerial statement detailing reforms to their cost control mechanism. Reforms have been made to address concerns that the cost control mechanism was…
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