OUR ROUND-UP OF THE LATEST PUBLIC SECTOR NEWS AND INSIGHTS
Current Issues in the LGPS - August 2024
07 Aug 2024
Despite the summer holiday period, it’s been a busy month following the General Election result.
In this month's edition of Current Issues in the LGPS, some highlights include:
An election and new government special, covering:
- The King's speech
- Pension and retirement savings review
- Ministerial appointments and the return of MHCLG
- A short summary note to piece it all together
Preparing for the 2025 valuation
Did you catch our recent webinar on ‘Preparing for your 2025 valuation: what can you do now to get ahead’? If you missed it, fear not: the recording is available on demand here. Or, if you have only a few moments to spare, this task list summarises the main things funds can do in the pre-valuation year to ensure their 2025 valuations are a big success. Agreeing a plan with your actuary for the year ahead, with informed decision making and effective stakeholder engagement at its core, is key.
Our 2024 LGPS National Knowledge Assessment
In mid-September we’ll be launching our National Knowledge Assessment (NKA). This online assessment for Committee and Board members has been designed to measure both individual and collective knowledge levels across 8 key topics, as well as complementing our LGPS Online Learning Academy.
The purpose of the NKA is to check on how knowledge levels are progressing, see if the focus of your next year’s training plan feels right, to measure engagement and to provide Funds with a tangible way to demonstrate they are regularly assessing committee and Board members knowledge levels and training needs, in line with the Pensions Regulator’s expectations. You can find out more in our recent NKA blog.
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If you have any questions, or would like to discuss anything further, please get in touch,
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