Consultation outcome

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

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

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

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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.

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
to

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

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alternativeformats@communities.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 10 October 2014
Last updated 29 January 2015 + show all updates
  1. Added the government response to the consultation.
  2. First published.