Pensions Line - October 2020

Pensions Line header

October 2020

Important Regulatory changes

The legislation implementing the £95k cap on exit payments has now been signed and comes into force on 4 November 2020. 

We are currently awaiting the Guidance and Directions to accompany the regulations, however, it is clear that changes proposed to the LGPS to help accommodate this will not be in place. They are still in the consultation stage, as stated in our Pensions Line of 17th September 2020.
SAB have made both HM Treasury and MHCLG aware of the predicament this puts local government employers and LGPS administering authorities in.

We can confirm though that for the period between 4 November and the date the LGPS regulations are amended:
• only exits where the cost exceeds the £95k cap will be impacted
• the statutory guidance on standard strain cost will not be effective i.e. you will continue to calculate strain cost on a local basis
• the proposals in the MHCLG consultation around limiting cash severance payments and the strain cost being reduced by the value of any statutory redundancy pay will not apply.

We will be updating our leavers forms so that employers can provide us with any redundancy payment information.

The SAB website will be updated as developments occur.

Change of Payroll Provider & Provision of Data

It is important that you let us if you are changing your payroll provider. We can then work with you to ensure you put processes in place to retain access to historical payroll information and continue to fulfil your responsibilities as a Scheme employer.

Outsourcing Services under TUPE & New Academies

Please contact the Employer & Communications Team if you are considering outsourcing services and have a number of staff who will be subject to TUPE and moving to a new employer or your school is converting to an Academy or moving to a different Multi Academy Trust (MAT). The process can take some time so its best you let us know as soon as possible.

The transfer of these staff are dealt with differently so please do not submit any leaver forms as this will complicate the process – instead there is a staff data capture spreadsheet you can complete on our website which can then be sent to the Employer & Communications Team mailbox.


Altair now available

Good morning
Altair is now available again.
Please accept our apologies for any inconvenience caused.
Kind regards,
Peninsula Pensions.

Keep us updated

Please remember to keep us updated with any changes in staff responsible for completing our forms (authorised signatories). This can be done by completing our via our online form.

You can also use this form to notify us of your IDRP Stage 1 Appeals Officer and any delegated authorised contacts.


Employer & Communications  Team

Quick links

Employer Services (ESS) Guide

Peninsula Pensions Employers' Pages

Peninsula Pensions  Employers' Guide

LGPS regulations and guidance

Fund Investments

LGPS National Website


Back copies