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Speaking today at the CIPFA annual conference in Birmingham, the chair of the CIPFA Pensions Panel, Bob Summers called upon the government to bring the review of the ‘Fair Deal on pensions’ policy to a speedy conclusion.
Bob Summers said:
‘I welcome the recent agreement by the Government to look at the LGPS reform separately from the other public sector pensions. I am concerned, however, that the Fair Deal issues remain unresolved.
It is crucial that pensions issues are addressed at the earliest possible stage of any organisational change that will result in staff transfers. For this to happen, both public sector employers and any future third party services providers need to be clear on the policy framework within which they are operating.
CIPFA has found little evidence to support the assertion that the Fair Deal policy, in isolation, is responsible for the lack of diversity in the outsourcing sector and has cautioned against placing too great an emphasis on the Fair Deal as the major barrier to entry to potential new and smaller service providers. I am also concerned that by removing the access to the LGPS, the Fair Deal policy may have unintended consequences for the long-term financial sustainability of the scheme.’
Contact: Lindsay Machin / Chloe Forbes
CIPFA Press Office
t 020 7543 /5645/5787
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1. The ‘Fair Deal on pensions’ policy sets out how organisations should manage pensions matters when staff are transferring out of the public sector. In his interim report last October, Lord Hutton suggested that the Government needed to ‘consider carefully the best way of moving forward with Fair Deal in a way that delivers its wider objective of encouraging a broader range of public service providers while remaining consistent with good employment practices’. A subsequent Government consultation on the policy closed on 15 June 2011. CIPFA’s full response to the Fair Deal consultation can be found on the CIPFA website.
2. About CIPFA
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.
T: +44 (0)20 7543 5703
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T: +44 (0)20 7453 5787