News Alert: the 31 March 2019 triennial valuation of the 89 Funds of the Local Government Pension Scheme (LGPS) in England and Wales is underway. Whilst timescales will vary by Fund, results are generally expected by September / October 2019 with any new contribution requirements coming into effect from 1 April 2020.
I am an actuary and senior partner at LCP. My main area of work is in pensions, where I am the appointed actuary to several large pensions schemes. I also specialise in advising in the area of pensions in public sector outsourcing, and the Government's Fair Deal guidance.
As a separate exciting new workstream, I'm involved in developing and marketing LCP's innovative soccer player recruitment tool, TransferLab, in collaboration with football consultancy AnalyticsFC.
Within LCP, I head up our Wellbeing Network, committed to helping those who work at LCP lead healthier and happier lives in an environment that is accessible to all. I'm also chair of our Conflicts and Ethics Committee, and a member of our Responsible Investment Group, with a particular interest in climate change issues.
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Our latest thinking
Transfer quotation activity continues to slow-down and there is evidence of a declining interest from younger members. Our latest quarterly analysis shows that, the average age of members receiving a quotation in Q1 2019 was 55 and the average age of members taking transfer values quoted in Q3 2018 was 57. This update covers some immediate considerations for transferring members.
We can help you understand how your DB scheme’s transfer experience is changing.