Government partnership to help pension administrators quality-check their calculations
Tool will support clients as they move to equalise pensions for scheme members
No concerns over long-term cost efficiency and majority of funds now in surplus
GAD makes four recommendations for LGPS improvement in wake of 2019 valuations
Comes after cost-control mechanism was paused following 2019 McCloud judgement
Only reformed schemes will be covered as the corridor is widened to 3%.
Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
The transition from RPI to CPIH could have a significant impact on pension funds. However, as Con Keating says, the real challenges of this shift may come from an unexpected area.
There will be "ups and downs" for employers in the Local Government Pension Scheme (LGPS) as it carries out its 2019 valuation against the backdrop of the cost cap suspension and the McCloud judgment.