Move reinstates pension access for English local councillors
Hub brings factors and guidance together in a standardised and consistent way
Group aims to share knowledge and ‘foster understanding of the challenges’
Government partnership to help pension administrators quality-check their calculations
Tool will support clients as they move to equalise pensions for scheme members
No concerns over long-term cost efficiency and majority of funds now in surplus
GAD makes four recommendations for LGPS improvement in wake of 2019 valuations
Comes after cost-control mechanism was paused following 2019 McCloud judgement
Only reformed schemes will be covered as the corridor is widened to 3%.
Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’