Issue - meetings

[To provide an update on the forthcoming and potential regulatory changes across the LGPS]

Rachel Howe, Head of Governance and Corporate Services presented the update report on forthcoming and potential regulatory changes across the Local Government Pension Scheme (LGPS). The Fund continued to see and manage a series of changes, with a number of consultations (both directly and indirectly) related to the LGPS issued within the last 3-6 months. With reference to an issue raised at the previous meeting (12 December 2018), the report contained a response from the Scheme Advisory Board to the Fund’s letter on concerns on the late notice of potential scheme changes from April 2019 and the impact this had on the service the Administering Authority was able to provide to scheme members and employers.

The Chair informed the Committee that the Minister for Local Government had appointed him onto the Scheme Advisory Board.

Resolved:

That the current regulatory environment, consultations which could impact the Local Government Pension Scheme and the steps the Fund is taking to prepare for those changes be noted.