Changes to actuarial factors

Changes to actuarial factors

In his latest budget, the Chancellor confirmed a reduction of the SCAPE discount rate from 2.8% above the Consumer Prices Index (CPI) to 2.4% above CPI. The SCAPE discount rate is used to determine the actuarial factors used across all of the public service pension...
Changes to strain cost estimates

Changes to strain cost estimates

  Earlier in the year there were changes in the way strain costs are calculated when running redundancy estimates and the actual final calculation depending on when the calculations were run within the year.   If you have had an estimate calculated for you by LGSS...
Pensions scams on the rise, again!

Pensions scams on the rise, again!

Analysis by AJ Bell, of figures from the City of London Police, has revealed that £51m has been lost to fraudsters, so far this year. The figures show that people’s pensions are the most common target of scams, with the average age of the victim being 57 years. AJ...