Category
Tag: Public Sector Pensions
-
The Pensions Regulator’s 2026 Annual Funding Statement: what ‘endgame planning’ means for DB members
TPR’s 2026 Annual Funding Statement reports 90% of DB schemes in surplus and shifts the regulator’s tone from deficit recovery to endgame planning. Here’s what run-on, buy-out, and superfund routes actually mean if you are…
-
Councillors and LGPS investment decisions: what your pension can and can’t do
Pensions committees, fiduciary duty, the October 2026 governance shift, and what councillors can and cannot do about LGPS investment policy. A governance explainer, deliberately apolitical.
-
Pension inheritance tax from April 2027: what public sector pension members need to know
HMRC’s 11 May 2026 technical note confirms how unused pension funds will be taxed for inheritance from April 2027. The main public sector DB pension is safe; AVC pots and DC pots are caught. Executors…
-
LGPS six megafunds: which pool is your fund in, and what changes in October 2026?
From October 2026 every LGPS administering fund must channel its investments through one of six approved pools. Which pool covers your fund, what happens to former ACCESS and Brunel funds, and what changes in fund…
-
Closing public sector DB pensions to new entrants from 2030: what’s actually proposed
Policy Exchange has proposed closing the main unfunded public sector DB schemes to new entrants from 2030, with new public service workers joining DC instead. What’s actually in the paper, the £1.1bn / £6.1bn /…
-
Pension Schemes Act 2026: what it actually does
The Pension Schemes Act 2026 received Royal Assent on 29 April. Six LGPS megafunds in statute, a £25bn DC scale floor, small-pot consolidation, DB surplus reform, what it all means in plain English.
-
McCloud remedy tracker: where each scheme stands in May 2026
Where each public service pension scheme stands on McCloud remedy implementation as of May 2026. LGPS, NHS, Teachers, Civil Service, AFPS, Police and Firefighters status, plus the Scotland legislative gap.
-
McCloud and tax: refunds, charges, and what HMRC actually does
McCloud rollback can change your historic Annual Allowance and lump-sum tax position. Here is HMRC’s framework, the deadlines, and how the numbers settle.
-
Remediable Service Statement: how to read your McCloud RSS
Your McCloud Remediable Service Statement explained in plain English: what each section means, the choice it sets up, and the live state of every scheme in 2026.
-
How UK public sector pensions actually work
How UK public sector pensions actually work, in plain English: defined benefit explained, the seven main schemes, CARE vs final salary, contributions, tax, and the McCloud Remedy. A primer for anyone in or joining the…