News
Category: LGPS
Local Government Pension Scheme: New Fair Deal Consultation
The Ministry of Housing, Communities and Local Government (MHCLG) has launched a consultation on proposed changes to the Local Government Pension Scheme. These changes seek to introduce new regulations protecting the pension’s position of staff who are compulsorily...
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Pensions cold calling ban commenced!
Legislation to ban pensions cold-calling came into force on the 9th January 2019, meaning that companies making unsolicited phone calls to people about their pensions face enforcement action, including fines of up to £500,000. The ban, introduced under the Privacy and...
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Winter 2018 Employer newsletter
Changes to actuarial factors
In his latest budget, the Chancellor confirmed a reduction of the SCAPE discount rate from 2.8% above the Consumer Prices Index (CPI) to 2.4% above CPI. The SCAPE discount rate is used to determine the actuarial factors used across all of the public service pension...
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Policy Consultation: Technical amendments to Funding Strategy Statement
Following changes to the LGPS regulations, earlier this year, we have reviewed the Funding Strategy Statements for both the Cambridgeshire and Northamptonshire Pension Funds. This consultation seeks views on proposed amendments to these documents. The Funding Strategy...
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