Latest pension news
December 2024
Budget 2024 and the Local Government Pension Scheme (LGPS)
The recent budget may affect the LGPS due to a change in inheritance tax rules.
Currently LGPS Death Grants are out of scope for inheritance tax however due to changes proposed, they could form part of the member’s estate from April 2027.
This could result in inheritance tax being payable on the Death Grant in cases where the value of the estate exceeds the threshold.
Information will be announced following the consultation.
Read more about the Budget 2024 and the LGPS
September 2024
Annual Benefit Statements
Our pensions administrators, LPPA, have now produced Annual Benefit Statements for our members of the LGPS.
Thess are available to view on PensionPoint and for those members that opted out of email communications, a paper statement has been posted.
The LPPA has also created a dedicated web page to help everyone understand their Annual Benefit Statement.
Expression of Wish
Now is a good time to think about who may receive your pension benefits should you die before retirement.
In order to update your wishes, please do this via PensionPoint or by completing a Nomination of Beneficiary for the Payment of Death Grant form on the LPPA website.
Havering Local Government Pension Scheme
The Local Pensions Partnership Administration (LPPA) is the administrator of the Havering LGPS and are your first point of contact for queries regarding your benefits.
The Local Pensions Partnership Administration website has lots of useful information regarding the scheme, news and FAQs.
You can also log in to the 'My Pension Online - Member Self Service' site and check your pension information, update your personal details and run your own estimates.
Please see the LPPA contact us page for enquiry details.
London Borough of Havering Pension Fund - Key documents
Scheme governance
Pension fund finance reports
- Annual reports
- Funding strategy statement
- Investment strategy statement
- Valuation report
- Whistle blowing policy
- TCFD report
- Climate risk policy
Administration policies
- Pensions administration strategy
- Charging policy
- Communications policy
- Data Improvement Plan
- Admissions policy
- Outsourcing guide
- Overpayment policy
Discretions
- London Borough of Havering Administering Authority Discretions
- London Borough of Havering Employing Authority Discretions
All other scheme employer discretions
Local Pension Board
For Local Pension Board minutes and agenda’s please visit the Pension Board page.
- Terms of reference
- Roles of the board
- Roles of the scheme member
- Board member profiles
- Annual report and work plan
- Conflict of interest policy