LGPS governance survey launched

The Local Government Pension Scheme's (LGPS) Scheme Advisory Board (SAB), has partnered with Hymans Robertson, to launch a national governance survey of LGPS and its stakeholders.

The survey is open to pension managers, S151 officers, committee and pensions chairs from every fund as well as employer and member representatives and other interested stakeholders to share views on a range of governance models and to consider means of further raising standards across the LGPS.

The survey will ask for feedback on four example governance models, which range from improving governance guidance, to introducing more significant structural changes. Views are being sought on how the models measure up against key success criteria.

The online survey will be supplemented by a series of workshops and a webinar with the intention of enabling as many stakeholders as possible to contribute and help shape any proposals that emerge from the review.

Commenting, Hymans Robertson head of LGPS actuarial, benefits and governance, Catherine McFadyen said that the company’s first-hand experience in the LGPS
shows that it is full of strong governance examples and this survey is an opportunity for funds across the country to identify and highlight their own good practices.

“The LGPS is a unique pension arrangement which spans the length and breadth of the country. We hope that this survey will allow us to generate a clearer picture on how key factors such budget management, clarity of roles and responsibilities, conflict management and the ultimate governance structure of the fund can impact standards of delivery for employers and members.

“We are confident that this survey will help us to identify a wide range of governance best practice across the network and that any proposals emerging will help to simplify and support what can be a demanding and difficult role.”

The online survey will run between the 17th April and 31st May 2019. More information on the survey and how to register can be found here: https://www.hymans.co.uk/news-and-insights/research-and-publications/research/good-governance-project-survey/.

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