About the Webinar
With improved LGPS funding in recent years, employers exiting the Local Government Pension Scheme (LGPS) are increasingly encountering funding surpluses. However, in England and Wales, the decision to pay exit credits rests with LGPS administering authorities, introducing uncertainty for employers.
This webinar is designed to help employers and funds navigate the complexities surrounding discretionary refunds of surplus. Understanding fund policies and wider legal principles is critical for managing the implications effectively.
What You’ll Learn
Join our Head of Corporate & Public Sector, Alistair Russell-Smith, and expert lawyers Michael Hayles and Ed Curtis from Burges Salmon LLP as they:
- Explore how funds are exercising their discretion on exit credits.
- Examine the implications for employers planning an exit.
- Share case studies showcasing diverse outcomes for charities, outsourcers, universities, academies, and other LGPS employers.
Key Takeaways
This session will provide practical insights and actionable advice, including:
- Understanding LGPS fund exit credit policies: Gain clarity on fund policies and their application.
- Legal perspectives on discretion: Discover how case law informs the exercise of discretion.
- Employer-focused strategies: Explore potential win-win scenarios, such as funding early retirement or purchasing added years.
- Cost considerations: Learn about implementation costs for advisers and funds.
Who Should Attend?
This webinar is essential for:
- Employers in the LGPS considering an exit.
- LGPS funds managing surplus scenarios.
- Charities, universities, academies, and outsourcers.
Don’t miss this opportunity to gain critical insights into navigating discretionary refunds of LGPS surpluses.
