Public Sector Outsourcing – What we offer
LCP has a specialist multi-disciplinary Public Sector Outsourcing Group, with 15 years experience of advising on all aspects of the pensions and redundancy benefits of employees transferring from the public sector. We can provide advice on:
- The best route for meeting the “Fair Deal” requirements, including the benefit design for Government Actuary's Department (GAD) “passport” schemes.
- Liaison with GAD over obtaining and maintaining GAD passports
- The cost allowance to be included in contract bids for pensions and redundancies
- Negotiations on bulk transfer terms
- Reviewing contract and/or LGPS admission agreement wording from an actuarial perspective
- Liaison/negotiation with pension scheme trustees over implementation of the agreed arrangements
- Analysis and financial modelling of the investment and funding risks on fixed-term contracts
- Calculation and modelling of redundancy cost obligations transferred under TUPE from public sector employment
For further details read our Briefing Plus.
