United Kingdom

Details

  • Industry: Government & Public Sector
  • Type: Business and industry issue
  • Date: 11/07/2012

Social housing pensions update: LGPS and SHPS 

Many housing associations participate in the Local Government Pension Scheme (LGPS) and/or the Social Housing Pension Scheme (SHPS).  This article provides an update on recent developments for both.

There have been two significant pieces of pension news that will affect housing associations.  The long-awaited statement on the proposed Local Government Pension Scheme (LGPS) benefits reform has been issued following review and approval by Ministers.  This has coincided with the Social Housing Pension Scheme (SHPS) announcing that there has been a large increase in the deficit, which will lead to a significant increase in costs for participating employers. 

 

  • Download Social Housing Pensons update (PDF 158 KB)

 

We are helping many housing associations consider the impact of these changes, and other wider reforms to public sector pensions.  This includes advice on how this can be communicated to employees at this potentially difficult time.  If you have any questions or would like to discuss any of the issues raised please contact your usual KPMG contact or one of the regional specialists from the contact details below.

 

Regional Contacts

 London

Jonathan Green

020 7694 4798

 South

Robert Watkin

0117 905 4053

 North West

James Forrest

0161 246 4506

 Yorkshire/North East

Paul Moffatt

0113 231 3803

 Midlands

James Beardmore

0121 609 6038

 Scotland

David Cumming

0141 300 5810 

Contact

Contact

Steve Simkins

 

Head of Public Sector Pensions
KPMG in the UK

 

0113 254 2975

steve.simkins@kpmg.co.uk

 

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