mccloud

Bill will remedy discrimination against younger members following McCloud judgment

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’

MPs warn cost issues will take ‘generations to resolve’ as civil servants and emergency workers opt out of DB schemes

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.

The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.

Moira Warner looks at what changes to the Judicial Pension Scheme actually mean.

The final McCloud rules for the Local Government Pension Scheme (LGPS) in England and Wales could delayed due to other regulatory priorities but funds are being urged to start collecting the necessary data.

The proposed changes from the McCloud judgment to Local Government Pension Scheme (LGPS) members could take more than two years to implement, according to the Pensions and Lifetime Savings Association (PLSA).