A case for change

An affordable, well structured pension scheme appropriate to its membership and meeting the requirements of its sponsors is a vital element in long term public expenditure, health and welfare policy. Encouraging saving for retirement promotes financial responsibility and ensures the availability of an adequate income in retirement the amount of which is directly related to the demands individuals place on health and welfare provision.

The case is made the question is whether the present structure of the LGPS will be able to ensure it continues to be affordable, appropriate and responsive to the needs of its sponsors into the future. The question is particularly imperative at this time given the challenges of increasing longevity and a shift in the perception of the importance of pensions in the press and public.

LPFA has issed a green paper entitled 'A fair and affordable LGPS' which sets out the case for change and proposes and independent commission to take things forward.

The text of speeches by LPFA's chairman and chief executive making the case for change to ensure an affordable LGPS are available to view by clicking on their titles.