Provisions for the Local Government Pension Scheme's (LGPS) new governance structure will not be in place when the scheme goes live in April 2014, the Department for Communities and Local Government (DCLG) says.
Speaking at the National Association of Pension Funds (NAPF) Local Authority Conference, DCLG deputy director for workplace, pay and pensions Chris Megainey said it is not necessary to have the provisions for local authority pension governance boards in place by 2014.
He said these provisions will be in legislation by April 2015 instead.
In the reformed LGPS (LGPS 2014) the governance of funds will overseen by local boards, which will include both employer and employee representation and will come under the remit of The Pensions Regulator (TPR) (PP Online, 13 February).
Sackers associate Ralph Mclelland said: "The department is, quite properly, focusing on the key work streams which will allow local authorities to push on with their 2013 valuations and the administration arrangements for the new benefit structure.
"It is clear that both DCLG and local authorities have a lot on their plates right now, so some prioritisation was essential.
"We look forward to seeing the government's detailed proposals and expect to learn more about this at the next consultation round, which will cover the question of structural reform and an invitation for proposals on fund merger or pooling.
"DCLG is now targeting a 2015 date for putting the governance regulations in place, by which stage it should also have a clearer idea of any likely structural changes. Given that governance is as at heart of any form of joint working it is probably a good thing that the two projects are now more likely to move in tandem."
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