News
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…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…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…Local Government Minister sends letter to all LGPS funds in England
The Scheme Advisory Board understands that the Minister, Simon Hoare MP, has today written to all Pension Committee Chairs and administering authority section 151 officers in England asking that they…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…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…‘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…28th March 2024
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…
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