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The McCloud remedy: Adviser overview – Local Government Pension Scheme (LGPS)

Published  27 October 2023
   40 min CPD

In this webinar Fiona Hanrahan and Justin Corliss, Senior Pension Development and Technical Managers, discuss the changes to the McCloud remedy and how this may affect the pension benefits LGPS members are entitled to.

CPD learning outcomes - 40 minutes

After watching this webinar you'll be able to:

  • Describe the background to the issue
  • Explain which LGPS members will be impacted by the proposed remedy
  • Explain at high level how the remedy will work in the LGPS
  • Describe the principle by which the government is applying remedy

Once you've watched the webinar, simply complete the short quiz below and give us a few details. You'll then be redirected to your personalised CPD certificate.

 

What's covered

  • Background
  • Who's impacted & Remedy design
  • Changing schemes - adjustments
  • Example scenarios

CPD certificate of completion

Once you've watched the webinar, simply complete the short quiz below and give us a few details in order to receive a CPD certificate of completion.

Check your knowledge

To gain your CPD certificate answer the following questions.

1. Which LGPS scheme members moved to the reformed CARE scheme is April 2014 in England and Wales, and in April 2015 in Scotland and Northern Ireland:
2. Which of these scheme members would NOT be in scope for the McCloud remedy:
3. Only those younger members who were subject to the age discrimination will be eligible for the remedy?
4. Under the “revised statutory underpin”, there are 2 key dates at which the scheme assesses member benefits. They are known as:
5. If legacy scheme benefits would have been greater than reformed scheme benefits and a top-up payment is required, which scheme is it paid from?

CPD certificate details

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