The Local Government Pension Scheme (LGPS) must raise the profile and awareness of its "vital" administration function, Aon has said as it launches guidance.
Written with the Chartered Institute of Public Finance and Accountancy (CIPFA), the consultant's Administration in the LGPS guide is aimed at administering authorities responsible for managing LGPS funds.
The publication, is designed to assist anyone involved in the LGPS to better understand how they can oversee the delivery and quality of administration and communications within their administering authorities, while highlighting the importance of effective management.
It outlines how schemes can ensure clear strategies and robust business plans are in place, and suggests elements that should be continually monitored.
Senior public sector consultant Catherine Pearce said: "LGPS administration teams have gone through an unprecedented period of change in the last decade and this is likely to continue. It is important that those tasked with the governance of LGPS pension funds fully understand how to raise the quality and improve the timeliness of their administration."
Partner and head of public sector governance and benefits Karen McWilliam added the guidance will help administration teams to identify "where additional resources, systems and support is required to deliver the most effective and efficient administration".
CIPFA pensions network adviser Neil Sellstrom said: "Within the public sector environment there is continual pressure to drive down costs - and the administering authorities of local government pension funds have not been able to avoid this pressure."
He added: "While there is much good practice within the LGPS, the CIPFA pension panel has become increasingly concerned that in some instances the pensions administration function may not be operating as effectively as it should be.
"This guide is timely given the increasing focus by The Pensions Regulator on the need to deliver effective and efficient administration."
The guidance comes ahead of the LGPS funds' triennial valuations, which kick off on 31 March.
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