This is a best practice guide to help employers participating in the LGPS to understand and fulfil significant financial commitments, administrative responsibilities and regulatory requirements associated with the scheme.
This guidance will help you to adopt:
- a sound HR strategy for your employees in the scheme;
- a good governance process for managing your participation in the scheme;
- robust financial and risk management with respect to your contributions and liabilities within the scheme;
- good contract management if you have come to participate in the scheme as an admission body, and;
- the ability to evidence this best practice to stakeholders.