GAD: LGPS employers should not feel 'queasy' about contribution increases

James Phillips
clock • 2 min read

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.

The Government Actuary's Department (GAD) said, however, the LGPS would likely not see contributions rise as much as has been seen in the firefighters' and teachers' pension schemes. Employers i...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Clara Pensions CEO questions need for public sector consolidator

Clara Pensions CEO questions need for public sector consolidator

Simon True says need for PPF consolidator ‘not obvious’ in a ‘vibrant’ market

Martin Richmond
clock 26 April 2024 • 2 min read
CETVs 'significantly lower' since last year as Q1 sees 2% decrease

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

Transfer Value Index finds average volumes are £160,000 but 50% lower than last year

Jasmine Urquhart
clock 25 April 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 25 April 2024 • 1 min read
Trustpilot