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 authorities to follow when preparing its Funding Strategy Statement (FSS). The letter also recommends an amendment to Regulation 58 of the Local Government Pension Scheme Regulations 2013 which mentions previous CIPFA guidance. The new FSS guidance was approved by the Board when it met on 25 November 2024, and by CIPFA’s Public Finance Management Board on 7 November 2024.

On behalf of the Board, the Secretariat wishes to thank all the FSS workstream volunteers for their valuable input into the new guidance.