Laura Blows

Local Government Pension Scheme (LGPS) valuations have become far more sophisticated and are no longer simply exercises for setting employer contribution rates, according to Worcestershire County Council head of financial planning and pension investments, Sherief Loutfy. Speaking at the Pensions UK Local Authority Conference, Loutfy stated that valuations were “becoming increasingly integrated in investment strategy and risk management, and wider financial planning”.

Improved funding levels in the Local Government Pension Scheme (LGPS) should not, on their own, be used to trigger interim valuations to review employer contribution rates, South Yorkshire Local Pension Board chair, Riaz Nurennabi, has warned. Speaking at the Pensions UK Local Authority Conference, Nurennabi said he was hearing from participating employers that they may want to explore whether interim valuations could be used to review contribution rates where funding positions have improved.

Pensions dashboards are "the iceberg out there that we're going to crash into very shortly" due to the surge in members comms they are likely to generate, Local Pensions Partnership Administration (LPPA) chief technology officer, Martin Davidson, has warned.