Two months after the General Election there was much debate around the future of public sector pensions and the LGPS in particular. The new Scheme Advisory Board is operational and many of the issues it considered in ‘shadow’ mode remain relevant and need to be progressed.
At a scheme level the debate around affordability and sustainability has been reignited and has brought into focus how austerity measures are forcing many employers to look again at their pension liabilities. Whilst the long term position of the Scheme has been covered by our Actuaries many times it is useful to consider the current position and what options may be open to employers’.