Category Archives: Employer news
Draft Pension Administration Strategy (PAS) document for consultation.
Over the last few months a review has been conducted of the Pension Administration Strategy (PAS) which has been in place since 1st April 2015. The review has been carried out in accordance with regulation 59 of the Local Government Pension Regulations and follows the 2018 restructure of Peninsula Pensions, changes to LGPS regulations, advances in technology and improvements to performance monitoring. The review also reflects the growth in membership and demands of Scheme members and employers.
The draft PAS documents have been reviewed by the Devon Pension Board and the Investment & Pension Fund Committee’s for both the Devon and the Somerset Funds and we now intend to consult with all Scheme Employers.
Please can you review the relevant draft strategy document below and respond with any comments or suggestions to peninsulaemployers@devon.gov.uk quoting “Consultation on Devon PAS” or “Consultation on Somerset PAS” in the subject heading by 19th January 2020.
Draft Devon Fund Pension Administration Strategy
Draft Somerset Fund Pension Administration Strategy
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.
← Older postsPlease check your email address book
September 25, 2018We 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.
Posted in Employer news | Comments Off on Please check your email address bookPensions Line May 2018 amendment
August 29, 2018An amendment to the Annual Allowance email address. Pensions Line May 2018 amendment.
Posted in Employer news, Uncategorized | Comments Off on Pensions Line May 2018 amendmentPensions Line May 2018
August 29, 2018… including GDPR, the Annual Allowance for 2017/18, and LGPS Bulletins and Amendments. Pensions Line May 2018.
Posted in Employer news | Comments Off on Pensions Line May 2018Pensions Line March 2018
August 29, 2018… including information on Employee Contribution Bands, Salary Sacrifice Shared Cost Additional Voluntary Contributions, and payment of pension fund contributions. Pensions Line March 2018.
Posted in Employer news | Comments Off on Pensions Line March 2018February 2018 Pensions Line
August 29, 2018… including information on the Devon Pension Fund Annual Consultative Meeting. February 2018 Pensions Line.
Posted in Employer news | Comments Off on February 2018 Pensions Line
Automatic enrolment and transitional delay update
December 14, 2017The 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.
Posted in Employer news | Comments Off on Automatic enrolment and transitional delay updateClarification regarding ill health retirement process
December 14, 2017The Pensions Ombudsman has asked all employers to be alerted to a trend they have identified whilst dealing with LGPS ill health retirement complaints.
Posted in Employer news | Comments Off on Clarification regarding ill health retirement processAnnual Employer PLOG Meetings
December 14, 2017Now 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.
Posted in Employer news | Comments Off on Annual Employer PLOG MeetingsDevon fund sort code changes
October 18, 2017Changes 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.
Posted in Employer news | Comments Off on Devon fund sort code changesA reminder
September 21, 2017Just 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.
Posted in Employer news | Tagged Starter, Starter Pack, Transfer-in | Comments Off on A reminder← Older posts