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31st January 2022 DWP Consultation on Pensions Dashboards Regulations Launched
DWP have launched a consultation on the draft Pensions Dashboards Regulations. The consultation closes on 13th March 2022.17th December 2021 Letter to all pension funds from Mr. Michael Lynk
Further to the 24th November update (below), the Board discussed the letter from Michael Lynk at its meeting on December 13th. It was agreed that the Chair and Vice Chair…24th November 2021 Letter to all pension funds from Mr. Michael Lynk
On 22nd November a letter was sent to all LGPS pension committee chairs, copied to LAPFF and the Board. The letter is from Mr. Michael Lynk, United Nations Special Rapporteur…8th October 2021 HMT Cost Control Directions
On 7th October The Public Service Pensions (Valuations and Employer Cost Cap) (Amendment) Directions 2021 were published by HM Treasury. These Amending Directions allow schemes to conclude their 2016 valuations…6th October 2021 New minister for the LGPS
We understand that Kemi Badenoch MP will be the new minister for Local Government and will therefore take up responsibility for the LGPS. We would expect that the change of…4th October 2021 HMT responds to Cost Control consultation
HM Treasury has published the outcome to the Public service pensions: cost control mechanism consultation which closed on 19th August 2021. The response confirms that the mechanism will, from the…21st September 2021 Public Service Pensions Bill moves toward committee stage
The Public Service Pensions and Judicial Offices Bill received its second reading on 7th September and now moves to committee stage from 11th October 2021. It is expected that government…24th August 2021 TPR publishes interim response on combined code
The Pensions Regulator has published its Interim Response to the consultation on TPR’s new code of practice. The response highlights some of the issues raised by respondents including the governing…19th August 2021 Board responds to cost control consultation
The Board has today submitted a response to HMT consultation on the cost control mechanism (PDF 7 pages 185kb). The response was compiled by the secretariat with input from the…19th July 2021 Public Service Pensions Bill gets first reading
Today the The Public Service Pensions and Judicial Offices Bill started its progress through parliament in the House of Lords with its first reading. Further details will follow once details…8th July 2021 Launch of OPSC
The DWP has today launched the Occupational Pensions Stewardship Council (OPSC) which aims to develop a stronger overall voice of trustees within the market, especially in relation to service providers.…2nd July 2021 MHCLG publishes summary exit payment data
MHCLG has today published Local authority exit payments (first estimates), England, 2019-20 and 2020-21. Note that the file on the site is in OpenDocument format which you may need to…2nd July MHCLG commences consultation on special severance payments
HCLG has notified the SAB of a consultation on statutory guidance in respect of special severance payments. The consultation will run for 6 weeks until 13th August 2021.The guidance and…1st July 2021 TPR publishes public sector survey
The Pensions Regulator (TPR) has published its annual Public service governance and administration survey. The primary objective of the survey was to track governance and administration practices among public service…25th June 2021 SAB publishes response to DWP call for evidence
The SAB has submitted a response to the DWP’s Call for Evidence on Consideration of social risks and opportunities by occupational pension schemes following consultation with the Board’s Responsible Investment…24th June 2021 HM Treasury Ministerial statement and publication of consultations
A Written Ministerial Statement has been laid today, announcing the publication of two consultations. The first is about proposed reforms to the cost control mechanism (CCM), following the publication of…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 the Government Actuary’s final report on his review of the cost control mechanism. The WMS states that HM…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 parliament to require schemes with £5bn or more in assets, and all authorised master trusts, to report on how…
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