News
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…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 adopted by…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…Key Messages from SAB on the DLUHC Consultation on Investment Issues
The Board welcomes this consultation, which gives much needed clarity on the Government’s future intent on investment policy. We will engage fully and positively with the Department, funds and pools…Publication of the 2022 Scheme Valuation Report
The Scheme Advisory Board has today published a detailed report that pulls together data from all of the 2022 local fund valuation reports. This 2022 Scheme Valuation Report aims to provide a…27th July 2023
Compliance and Reporting Committee’s Annual Report working group – Review of 2019 CIPFA ‘Preparing the Annual Report’ guidance
The Annual Report working group (established as part of the Compliance and Reporting Committee) has been reviewing the 2019 CIPFA ‘Preparing the Annual Report’ guidance and has identified several areas…Update on LGPS Gender Pensions Gap Report
The earlier Gender Pensions Gap report for LGPS identified a substantial difference between the average level of LGPS pension benefits accrued by male and female scheme members. The difference between…Consultation on Next Steps for Investments in the LGPS in England & Wales
DLUHC has issued a consultation on a number of investment-related proposals for the LGPS. These include imposing a deadline of 31st March 2025 for the transition of listed assets from…Second reading of the Economic Activity of Public Bodies (Overseas Matters) in the House of Commons
The Economic Activity of Public Bodies (Overseas Matters) Bill, also known as the Boycotts, Divestments and Sanctions Bill had its second reading in the House of Commons on 3rd July…Publication of the tenth Scheme Annual Report
The Scheme Advisory Board has today published the tenth Scheme Annual Report. The aim of this Annual Report is to provide a single source of information about the status of…
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