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

This was published under the 2022 to 2024 Sunak Conservative government

Applies to England and Wales

This consultation has concluded

Read 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
midday on 30 January 2023 to 11:45pm on 24 March 2023

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. 11 May 2023

   Added government response.

2. 30 January 2023

   First published.