Managing pensions risk in local authority outsourcing transactions

Resource type: Practice note

Status: Maintained

Jurisdictions: England, Wales

This practice note considers how local authorities and contractors share risks and manage their obligations under the Fair Deal guidance and the Best Value Direction 2007 and how they provide for these in the outsourcing agreement. The note provides links to a bulk transfer schedule and compulsory clauses in LGPS admission agreements. Some standard pensions clauses found in outsourcing agreements are set out at the end.

Paul Carney, Shoosmiths

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Resource ID: 5-382-4153
Products: PLC UK Pensions, PLC UK Public Sector
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Related content

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Topics

Local GovernmentLocal Government (http://pensions.practicallaw.com/4-384-2020)
Public-sector PensionsPublic-sector Pensions (http://pensions.practicallaw.com/8-501-5587)
Reorganisations and Outsourcing: PensionsReorganisations and Outsourcing: Pensions (http://pensions.practicallaw.com/0-379-8241)
Sales and Acquisitions: PensionsSales and Acquisitions: Pensions (http://pensions.practicallaw.com/2-103-1349)

Practice note: overview

Overview of pension schemes in the public sector Overview of pension schemes in the public sector (http://publicsector.practicallaw.com/topic8-383-4688)

Practice notes

Best value: implications for employment law Best value: implications for employment law (http://publicsector.practicallaw.com/topic7-383-3038)
GAD passports and broad comparability: overview GAD passports and broad comparability: overview (http://publicsector.practicallaw.com/topic8-501-1301)
Mutualising public services Mutualising public services (http://publicsector.practicallaw.com/topic7-507-2663)
Pension issues on a TUPE transfer Pension issues on a TUPE transfer (http://publicsector.practicallaw.com/topic1-201-1534)
Public-sector pension schemes: outsourcing Public-sector pension schemes: outsourcing (http://publicsector.practicallaw.com/topic8-205-6270)

Standard documents

Local Government Pension Scheme: admission agreement Local Government Pension Scheme: admission agreement (http://publicsector.practicallaw.com/topic4-505-6160)
Local Government Pension Scheme: bond agreement Local Government Pension Scheme: bond agreement (http://publicsector.practicallaw.com/topic5-517-0061)

Glossary

Defined benefit (DB) pension scheme Defined benefit (DB) pension scheme (http://publicsector.practicallaw.com/topic0-107-7545)
Employer debt Employer debt (http://publicsector.practicallaw.com/topic0-206-2072)
PFI PFI (http://publicsector.practicallaw.com/topic2-107-7002)

External resources

PFI Project Agreement, December 2007 PFI Project Agreement, December 2007 (http://publicsector.practicallaw.com/topic1-382-9440)
The Best Value Authorities Staff Transfers (Pensions) Direction 2007 The Best Value Authorities Staff Transfers (Pensions) Direction 2007 (http://publicsector.practicallaw.com/topic3-378-9669)

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