Consultation outcome

Local Government Pension Scheme: Changes to the Scheme Advisory Board cost management process

From:
Department for Levelling Up, Housing and Communities
Published
30 January 2023
Last updated
11 May 2023 — See all updates

Applies to England and Wales

This consultation has concluded

Download the full outcome

Changes to the Scheme Advisory Board cost management process: government response

HTML

Detail of outcome

On 11 May 2023 the government published its response to the proposals for changes to the Scheme Advisory Board Cost Management Process.

Original consultation

Summary

This consultation seeks views on proposals to amend the rules of the Local Government Pension Scheme in England and Wales.

This consultation ran from
to

Consultation description

The consultation covers minor technical amendments to the scheme regulations governing the Scheme Advisory Board (SAB) ‘cost management process’. The SAB cost management process operates symmetrically, so that if valuations show that the costs of providing benefits have risen or fallen outside of a target range, recommendations must be made which would bring costs back towards the target.

Documents

Local Government Pension Scheme: Changes to the Scheme Advisory Board cost management process

HTML

Published 30 January 2023
Last updated 11 May 2023 + show all updates

  1. Added government response.

  2. First published.