It’s often difficult for charities to access up to date technical information. Local Government Pension Schemes provide a myriad of information but it tends not to be focussed on charities. Over the last couple of week there have been some really helpful information published which could be of benefit to charities struggling with the management of their LGPS Pension:-
- In conjunction with Charity Finance Group (‘CFG’) leading legal firm Charles Russell Speechlys has produced an LGPS Charity briefing. The guide outlines the risks and options for charities considering joining LGPS, and the problems faced by those considering exiting. The CFG accompanying blog can be found here.
- Leading representative body Pension & Long term Savings Association (‘PLSA’), formerly the NAPF, have launched the first two guides in a series covering charities in LGPS. These cover:
- An Introduction to the LGPS for Scheduled Bodies – this guide should greatly assist Scheduled bodies, such as Academies, in identifying and mitigating the risks involved in participating in LGPS.
- Navigating Entry in to the LGPS: for local government contractors – this guide should greatly assist charities and not-for-profit organisations in considering their pension options, when tendering for out-sourced public sector contracts.
More guides are on the way from PLSA over the next few months to assist LGPS participants with managing their continued participation in LGPS, and also options for those considering an exit. CFG are also re-launching their ‘Charity Pensions Maze’ publication which contains a wealth of helpful information. More information to follow on these when available.