Hymans Robertson to launch LGPS assessment of knowledge and understanding

Hymans Robertson has announced plans to launch its latest nationwide LGPS assessment of knowledge and understanding on 28 September.

Hymans Robertson said that the 2022 National Knowledge Assessment, which would be the first post-pandemic assessment, is “an opportunity for LGPS funds to assess the knowledge levels of key decision-makers and compare these on a nationwide basis”.

Following on from the 2018 and 2020 National Confidence Assessments, this year’s assessment will provide key evidence and information regarding training requirements to all participating LGPS funds and will form part of a National Report to allow each fund to benchmark their position.

In addition, the assessment aims to provide funds with an insight into technical, decision-making and roles and responsibility knowledge with the committee and board members.

By participating in the assessment, LGPS funds will receive their own fund results report, individual participant scores, and a recommended training plan tailored for committees and boards.

Hymans Robertson senior governance and administration consultant, Andrew McKerns, commented: “Following two years unlike any we’ve seen before, this is the first post-pandemic national assessment to take place in the LGPS.

"With the assessment launching on 28th September, we’re urging all LGPS funds to take part to help determine gaps in knowledge and enable tailored training for the future.

“The pandemic has driven fundamental changes in the LGPS, from new ways of working and the growth of online tools, through to better remote training expectations from members.

“The results from the assessment are vital to help funds deliver and track the success of their training plans and meet the best governance standards expected of the scheme.”

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