Public sector payoff cap will ramp up complexity for burdened LGPS

Stephanie Baxter
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The government's proposed cap on redundancy payoffs in the public sector would require complex changes to the Local Government Pension Scheme (LGPS) regulations, the industry has warned.

Such changes would result in more work for the scheme at a time when the LGPS is already under immense pressure following major regulatory changes in the past couple of years. Concerns were high...

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