New LGPS informer resource for scheme employers

The Local Government Pension Scheme Advisory Board (SAB) is a department that seeks to encourage best practice, increase transparency and coordinate technical and standards issues.

SAB have recently produced a document in conjunction with the Institute of Chartered Accountants which will help Local Government Pension Scheme (LGPS) employers understand some of the most complex accounting issues they’re faced with, including pension costs and pension liabilities.

This practical document explains:

  • How the LGPS works in practice
  • Key information flows between employing bodies, pension funds and actuaries
  • The content and purpose of annual accounting reports and triennial valuations
  • Key accounting requirements for employing bodies, and
  • The role of external auditors

 Explore the LGPS Informer document >

Interested in contributing to SAB gender pensions gap research?

Steph and I also wanted to let you know about ongoing research into the gender pension gap.

A recent LGPS ‘Bulletin’ asked fund officers to help with raising awareness and recruiting employer volunteers to “…help determine the underlying causes of the gap and ways to help close the gap.”

Interested East Sussex Pension Fund employers can:

  • Participate as little or as much as they’d prefer
  • Get involved with the initial scoping of the research, and/or with the research itself
  • Share opinions on barriers to obtaining and sharing relevant data (likely to be held across employers, payroll providers and pension fund administrators).

Please contact [email protected] to register your interest – and copy in [email protected] to let us know you’re participating.

Richard Coleman and Steph Fernando

Employer Engagement Team - East Sussex Pensions Fund

[email protected]