Our website uses cookies (what’s this?). These cookies allow us to distinguish you from other users of our website, which helps us improve our website and to deliver many of the functions that make your browser experience more user-friendly. Some of the cookies that we use are essential for parts of the website to operate. By using this website you agree to our use of cookies. To find out more, including how to opt out, please read our Cookies Policy.
LGPS Employers
We can help with your LGPS participation. With over 15,000 employers in the LGPS, we want to make sure that you too have the right support and information.
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:
- understanding and mitigating pension scheme risks (e.g. the cost of ill-health retirements);
- advice on the issues arising from outsourcing agreements; and
- training sessions on funding and pension scheme issues
Understanding your LGPS accounting disclosures
Webinar replay
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.
Read our FAQs, providing answers to the questions asked throughout the webinar and addressing some of your most commonly raised concerns.
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.
Case study
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
Employer case studies
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.
Making LGPS to DC straightforward
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.
A large charity requested some advice on their LGPS options as the cost of contributions were becoming increasingly unaffordable for them. They were worried about the risk of increasing costs in the future. Read our case study to find out how we can help you understand your options.
Why Hymans?
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.
Training
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.
Watch our video to find out how contribution rates are set in the LGPS.
LGPS Employer Group
Join our dedicated LGPS employer group on LinkedIn where we will keep you up-to-date on issues relevant to you, including news, insights and event information.
Get in touch
If you would like to find out more please don't hesitate to contact Julie.
Stay connected
Subscribe to our news and insights
Legal
Resources
Copyright © 2022 Hymans Robertson LLP. All rights reserved.