The Head of Pensions Administration introduced this report which informed Members of the publication of a Written Ministerial Statement confirming the Government’s continued provision of a guarantee to the Local Government Pension Scheme (LGPS) in respect of Academy Trusts. The ceiling for the guarantee had not been reached in any year so far.

It also raised awareness of the Office for National Statistics (ONS) review as to whether the Further Education (FE) sector should be reclassified as public sector bodies rather than private sector institutions.

Resolved:

That the recent developments within the Education sector and the implications for the LGPS be noted.