Issue details
LGPS Cost Cap, McCloud Update and Actuarial Valuation Inpact
This report provides the Board with a summary
of the history of the LGPS cost cap in public service pensions and
recent developments regarding judgement on the Judges and Fire
Fighters cases generally referred to as McCloud case. This paper
also covers proposed changes to triennial actuarial valuation
process and recent developments to investment cost
transparency.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Decision due: 19 Sep 19 by Pension Board
Lead director: Corporate Director, Resources
Department: Resources
Contact: Miriam Adams, Interim Head of Pensions and Treasury Email: Miriam.Adams@towerhamlets.gov.uk.
Agenda items
- 25/11/2019 - Pension Board LGPS Update - Investment Consultancy and Fiduciary Market Investigation Order 2019, The Pensions Regulator Publication of the LGPS Cohort Report, Updated UK Stewardship Code, Good Governance Report and TPR Governance Survey 25/11/2019
- 23/09/2020 - Pension Board Draft response to McCloud Consultation 23/09/2020
- 13/10/2020 - Pension Board Draft response to McCloud Consultation 13/10/2020
Documents
- LGPS Cost Cap, McCloud Update and Actuarial Valuation Inpact