McCloud clarity allows public schemes to finish valuations

Comes after cost-control mechanism was paused following 2019 McCloud judgement

Hope William-Smith
clock • 2 min read
HM Treasury: "As uncertainty recedes those valuations can now complete."
Image:

HM Treasury: "As uncertainty recedes those valuations can now complete."

Amendments to the public sector scheme cost control framework made by the Government Actuary’s Department (GAD) meet the government’s objectives, HM Treasury has confirmed.

The cost control mechanism is designed to limit the impact of any rise in scheme costs on taxpayers, while also allowing schemes the flexibility to fairly raise benefits for members. Public sect...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot