Consultation outcome

Local Government Pension Scheme Regulations 2014: better governance and improved accountability

• From: Ministry of Housing, Communities & Local Government
• Published: 10 October 2014
• Last updated: 29 January 2015 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Applies to England and Wales

This consultation has concluded

Download the full outcome

Local Government Pension Scheme (Amendment) (Governance) Regulations 2015: local government pensions – improving governance and accountability: government response to the consultation

Ref: ISBN 9781409844747

PDF, 278 KB, 11 pages

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Detail of outcome

The government’s response to the statutory consultation on the Local Government Pension Scheme (Amendment) (Governance) Regulations.

These regulations provide the framework for the establishment of local pension boards, a scheme advisory board, and cost cap in the local government pension scheme.

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Original consultation

Summary

Consultation on regulations relating to the introduction of governance and cost control arrangements to the new Local Government Pension Scheme in England and Wales.

This consultation ran from
10 October 2014 to 11:45pm on 21 November 2014

Consultation description

This consultation seeks views on new governance arrangements for the Local Government Pension Scheme in England and Wales, which came into force on 1 April 2014.

The consultation invites responses from interested parties on the draft regulations which are to come into force from January 2015 onwards.

The main provisions include a requirement for the Secretary of State to establish a national scheme advisory board to advise him on the desirability of changes to the scheme. Provision is also made for administering authorities to establish local pension boards to assist them with the effective and efficient management and administration of the scheme. Also, for a set of new cost control mechanisms to be introduced.

Before making regulations, the Secretary of State is required to consult those likely to be affected by the regulations. See the statement listing those who would normally be consulted.

Documents

The Local Government Pension Scheme (Amendment) (Governance) Regulations 2014: better governance and improved accountability in the Local Government Pension Scheme: consultation

Ref: ISBN 9781409843047

PDF, 528 KB, 22 pages

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Published 10 October 2014
Last updated 29 January 2015 + show all updates

1. 29 January 2015

   Added the government response to the consultation.

2. 10 October 2014

   First published.