The Department for Education's (DfE) commitment to underwrite Local Government Pension Scheme (LGPS) liabilities for academies does not address the issue of high legacy liabilities, an expert warns.
Education secretary Michael Gove issued a ministerial written statement earlier this month confirming that the department will take on liabilities from academies that close to ensure financial comm...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
