Consultations relating to the work of the Scheme Advisory Board are held on this page.
| Document | Description | Start date | Closing date |
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HMT Public Service Pensions: Consultation on the discount rate methodology (PDF, 359kb, 35 pages) Written Ministerial Statement HCWS117 24 June 2021 (HTML) |
The SCAPE discount rate is a discount rate used in the valuation of unfunded public service pension schemes to set employer contribution rates. It expresses future pension promises that are being built up in present-day terms and is set by HM Treasury following a prescribed methodology. The current methodology for setting the SCAPE discount rate has been in place since 2011. This consultation seeks views on the objectives for the SCAPE discount rate and the most appropriate methodology for setting the SCAPE discount rate going forward. |
24 June 2021 |
19 August 2021 |
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HMT Public Service Pensions: Cost control mechanism consultation: Proposal to reform the mechanism (PDF, 471KB, 40 pages) Written Ministerial Statement HCWS117 24 June 2021 (HTML) |
At the request of HM Treasury, the Government Actuary has carried out a review of the cost control mechanism in the public service pension schemes. His final report sets out his assessment of the current mechanism and recommendations on possible changes. The Government has considered the recommendations and is now consulting to seek views on three changes to the mechanism, all of which are recommendations by the Government Actuary. |
24 June 2021 |
19 August 2021 |
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PDP call for input on dashboard staging (webpage) |
The Pensions Dashboard Programme (PDP) has launched a call for input outlining the proposed order and timings for pension providers and schemes (data providers) to connect to the pensions dashboard. |
27 May 2021 |
9 July 2021 |
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TPR code of practice consultation (webpage) |
The Pensions Regulator is consulting on the first phase of a new code consisting of 51 shorter, topic-based modules which replace 10 of the existing codes of practice and mainly deal with the governance and administration of pension schemes. The new code has been designed to be a web-based product. An early version of the web-based code is available during the consultation. Views are also sought on the design, usability, and navigation of this version of the code. |
17 March 2021 |
26 May 2021 |
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Public Service Pensions: Government response to consultation (PDF, 72 pages, 838kb) Public Service Pensions leaflet (PDF, 3 pages, 120kb) Public Service Pensions: Equality Impact Assessment (PDF, 53 pages, 555kb) |
HMT response published 4 February 2021 on changes to the transitional arrangements of the 2015 Public Service Pension Schemes and an update on the 2016 and 2020 scheme valuations. |
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| Consultation response on changes to the transitional arrangements of the 2015 PSPS (PDF, 65 pages, 741kb) | SAB response to the HMT consultation on changes to the transitional arrangements of the 2015 Public Service Pension Schemes - submitted 9 October 2020. | ||
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HMT Public Service Pensions consultation (PDF, 74 pages, 851kb) Public Service Pensions consultation - questions (PDF, 2 pages, 97.7kb) Public Service Pensions leaflet (PDF, 3 pages, 63.1kb) Public Service Pensions Equality Impact assessment (PDF, 38 pages, 378kb) Update on Cost Control Element of the 2016 valuations (PDF, 2 pages, 95.8kb) |
HMT consultation on changes to the transitional arrangements of the 2015 Public Service Pension Schemes and an update on the pause to the cost-cap process.
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16 July 2020 | 11 October 2019 |
| SAB response to HMT informal remedy proposals (PDF, 27 pages, 553kb) | The HMT consultation on age discrimination references at paragraph 1.21 the informal technical discussions held with scheme administrators and employer and member representatives earlier this year. The Scheme Advisory Board has published its informal response to those technical discussions.
Within the response the Board highlighted the following points:
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| Consultation response on exit cap (PDF, 5 pages, 165kb) | SAB response to HMT consultation on restricting exit payments in the public sector.
See also: LGA response (PDF, 43 pages, 736kb); FPS technical note (PDF, 7 pages, 264kb) |
10 April 2019 | 3 July 2019 |
| Consultation response on pensions dashboards (PDF, 13 pages, 351 kb) | SAB response to DWP consultation on Pensions dashboards: Working together for the consumer | 3 December 2018 | 28 January 2019 |
| Home Office response dated 28 November 2017 (PDF, 3 pages, 90kb) | Home Office response to SAB in relation to consultation on 2016 scheme valuation assumptions. | ||
| Consultation response on 2016 valuation assumptions dated 13 October 2017 (PDF, 11 pages, 428kb) | SAB response to Home Office/ GAD consultation on the draft 2016 valuation assumptions report to the Secretary of State. | ||
| Consultation response on treatment of past service costs dated 31 July 2017 (PDF, 18 pages, 577kb) | SAB response to Home Office consultation on the treatment of past service costs in the Firefighters’ Pension Scheme 2016 funding valuation | ||
| Indexation and equalisation of GMP in public service pension schemes (PDF, 6 pages, 187kb) | Updates Scheme Advisory Board members on a government consultation seeking views on how to address the implications of State Pension reforms for guaranteed minimum pensions of public servants below State Pension age. | 28 November 2016 | 20 February 2017 |
