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UK pensions weekly: LGPS Fair Deal and access reforms, guided retirement duty preparations, small pots consolidation, first run-on DB superfund, and IA survey on DC growth (16 October 2025)

Published on: 16 October 2025

Published by a LexisNexis Pensions expert
Legal News
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Article summary

In this issue:

  • Public sector pensions
  • The Pensions Regulator
  • Members and benefits
  • Funding, surplus and investment
  • Dates for your diary
  • Trackers

Public sector pensions

MHCLG proposes Fair Deal overhaul, raising LGPS minimum pension age and extending LGPS access

The Ministry of Housing, Communities and Local Government (MHCLG) has opened a consultation on changes to the Local Government Pension Scheme (LGPS) in England and Wales, spanning four main policy strands. Building on the May 2025 exercise focused on boosting member entitlements, the package would lift the normal minimum pension age to 57 in line with the Finance Act 2022, with protections for those with membership before 4 November 2021, and introduce strengthened Fair Deal measures so staff transferred out of local government retain uninterrupted LGPS participation. It also seeks to reinstate scheme access for councillors in England and extend eligibility to mayors, putting England on a par with Scotland, Northern Ireland and Wales. Additional ideas include acknowledging the dispersed nature of schools within Multi‑Academy Trusts and streamlining applications for a direction to bring employees together within a single LGPS fund...

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