We can help you understand what being part of the LGPS means for your organisation, and help you understand your future options.
Information for Academies
We’ve successfully helped Multi Academy Trusts consolidate their pension schemes into one LGPS Fund to reduce administrative complexities and pay a single LGPS contribution rate.
You can find out more about how we helped academies consolidate into one LGPS Fund here.
We can also provide support on:
Make sense of your LGPS accounting disclosures, your roles and responsibilities as academies and a look at the LGPS hot topics impacting academy pension benefits.
For all other LGPS Employers
No matter what stage you are at, or option you are considering, our reporting and analytics can help support you in your decision-making.
Sustainability - If you’re reviewing your pension arrangements to consider your future options, our sustainability report will help you understand your obligations, current costs and potential future costs of participating within the LGPS, based on your own unique membership.
Closure - If you have already decided to leave the LGPS but would like to manage your exit, our closure report will help you decide on the best route to exit, with analysis and advice on your options for leaving the Fund.
Affordability - If affordability is your main concern, our affordability report looks at your specific membership profile and circumstances and provides analysis and advice to help you negotiate a lower contribution rate with your LGPS Fund.
We can also help with any communication with your LGPS Fund. Read our flyer on navigating the LGPS to see how we can help you at the different stages of your journey.
We have found Hymans to be extremely responsive and helpful to us in navigating our current and future pension arrangements. Julie and Ross have been very easy to talk to and helped us to make sense of, at times, very complicated information.
Kathryn Smith - Chief Executive - Social Care Institute for Excellence
Many LGPS employers are currently choosing to auto-enrol new employees into defined contribution pension arrangements or are considering alternative methods of pension provision. We can help you find a suitable DC arrangement with an off-the-shelf solution or a full market review of providers.
A housing association was looking at their options for paying off their cessation debt. Read our case study to find out how we can help support employers in this area.
As market-leading advisers to the LGPS, we understand how the LGPS works and the decisions Funds make that impact on employers. We can use our LGPS knowledge, along with our systems designed specifically for the LGPS market to provide high-quality advice in an efficient way.
LGPS pensions are a complicated and often unfamiliar area, even for those with a strong financial background. We have many years of experience providing friendly training sessions explaining these complex issues to LGPS employers, enabling directors and boards to be much more confident in making decisions about LGPS pension provision and ensuring they achieve value for money on funding and pension scheme issues.