Category Archives: Employer news

Written Statement on Cost Cap Process

Further to the proposed regulation changes outlined in January’s edition of Pensions Line and at the PLOG’s last week, we have received the following email from the Scheme Advisory Board:

The Government has today published a written statement which announces a pause in the cost cap process for public service pension schemes pending the outcome of the application to appeal the McCloud case to the Supreme Court. A copy of the judgement can be found here 

The statement can be found here

Although the statement gives no timescales for the outcome of this case we understand it could be late 2019 or early 2020 before we know.

The LGPS Advisory Board (SAB) will now consider whether, given this announcement, it should withdraw the benefit change recommendations made to MHCLG as a result of its own cost cap process.

We understand that the LGPS could, if McCloud is upheld, be required to make changes to the underpin and that such changes would need to be taken into account in a revised SAB cost cap result.

In taking a view, the SAB will be aware that delaying benefit changes to possibly 2020 while backdating them to April 2019 would constitute a significant administrative burden on administering authorities and employers. Although SAB will immediately start considering next steps it should be stated that even if the SAB wishes to press on any changes to benefits can only be made with the agreement of Government.

Therefore although administering authorities may wish to continue to prepare for the SAB recommended cost cap benefit changes (as set out in our email of the 21st December) they should not anticipate their implementation unless and until such time as MHCLG formally consult on them.

We will naturally keep you updated as we hear more.

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Please check your email address book

Posted on by Joanne White

We are now compliant with the new Government Digital Service (GDS) standards for email encryption. This means that there is no longer any need for separate GCSX email addresses.

To make sure that your emails still get to us, please update your email address books by removing ‘gcsx’ from any addresses you currently hold. If you do attempt to use a ‘gcsx’ address, your email may bounce. 

The changes guarantee that any email sent from a devon.gov.uk address, to an address ending in any of the following, remains secure:

gov.uk
pnn.police.uk
nhs.net
cjsm.net
mod.uk
Please be aware that we’re currently updating our forms and leaflets with new email addresses.

For any questions, please get in touch with Employer and Communications Manager, Shirley Cuthbert.

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Pensions Line May 2018 amendment

Posted on by Joanne White

An amendment to the Annual Allowance email address. Pensions Line May 2018 amendment.

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Pensions Line May 2018

Posted on by Joanne White

… including GDPR, the Annual Allowance for 2017/18, and LGPS Bulletins and Amendments. Pensions Line May 2018.

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Pensions Line March 2018

Posted on by Joanne White

… including information on Employee Contribution Bands, Salary Sacrifice Shared Cost Additional Voluntary Contributions, and payment of pension fund contributions. Pensions Line March 2018.

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February 2018 Pensions Line

Posted on by Joanne White

… including information on the Devon Pension Fund Annual Consultative Meeting. February 2018 Pensions Line.

 

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Automatic enrolment and transitional delay update

Posted on by Joanne White

The LGA has released an update in the LGPC Bulletin 163 to confirm that the DWP agrees with the Pensions Regulator’s (TPR’s) guidance – please see our website for further details.

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Clarification regarding ill health retirement process

Posted on by Joanne White

The Pensions Ombudsman has asked all employers to be alerted to a trend they have identified whilst dealing with LGPS ill health retirement complaints.

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Annual Employer PLOG Meetings

Posted on by Joanne White

Now is the time to book your place at one of our annual employer meetings. These meetings are for those staff who are responsible for the day-to-day administration of the Local Government Pension Scheme for either the Devon or Somerset Pension Funds.

The meetings will be held at three venues to cover the geographical catchment area for employers within both funds:

Tuesday 23rd January 2018 at Caddsdown Business Centre, Bideford

Wednesday 24th January 2018 at Taunton Racecourse

Thursday 25th January 2018 at Exeter Racecourse

This year we are running sessions before and after the main talks so our day will be spilt into three sessions. If there is someone who doesn’t usually attend these meetings but you feel they may benefit from any of the sessions, then please book them a space – they do not have to attend the main presentations unless they wish to. Find out  more and book here.

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Devon fund sort code changes

Posted on by Joanne White

Changes to UK government legislation means that future payments to the Devon Pension Fund should now use sort code 20-30-54 with immediate effect.

This is because these changes have meant some large banks have needed to change the way they are structured, meaning their customers have experienced changes to their bank details. This has occurred with the Devon Fund.

The bank account number remains unchanged.

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A reminder

Posted on by Joanne White

Just to remind you that you do not need to issue your new employees with a Transfer-in Request form or an Expression of Wish form as both forms are part of our Starter Pack. This means that a new member will receive these automatically within a couple of weeks of their pension record being created.

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