Public Sector Pensions
Spence & Partners advises on all aspects of pensions issues that affect Public Sector Schemes (such as the Local Government Pension Scheme, Police Pensions (including Scotland and Northern Ireland), Firefighters, NHS, Teachers, and the Principal Civil Service Pension Scheme.
We also advise a number of Non Departmental Government Bodies which operate trust based private sector type pension schemes.
Our experience of Public Sector pensions covers employers based in all parts of the United Kingdom including Scotland and Northern Ireland.
The main areas of work include:
- advice on all aspects of pensions that occur under the PPP/PFI outsourcing arrangements especially where the “Fair Deal for Staff Pensions” applies.
- advice to charities, non-profit companies,housing associations, non departmental government bodies – whether it is due to outsourcing arrangements, service review etc.
- pension risks involved in an outsourcing contract
- redundancy benefits of employees transferring from the public sector
- negotiation of bulk transfer terms
- wording of admission agreements
- obtaining and maintaining GAD passports.
- accounting calculations and disclosures under FRS17
In particular in relation to LGPS we advise employers on a number of issues:
- broad comparability of private schemes with the LGPS
- ongoing operation of admission agreements
- advice on the termination of an admission agreement
- advice on employer discretions
- advice on policy statements
- administration support
- communications for employees
