New LGPS informer resource for scheme employers
The Local Government Pension Scheme Advisory Board (SAB) is a department that seeks to encourage best practice, increase transparency and coordinate technical and standards issues.
SAB have recently produced a document in conjunction with the Institute of Chartered Accountants which will help Local Government Pension Scheme (LGPS) employers understand some of the most complex accounting issues they’re faced with, including pension costs and pension liabilities.
This practical document explains:
- How the LGPS works in practice
- Key information flows between employing bodies, pension funds and actuaries
- The content and purpose of annual accounting reports and triennial valuations
- Key accounting requirements for employing bodies, and
- The role of external auditors
Explore the LGPS Informer document >