Millions of women working in local government are set to see their pensions improve under Local Government Pension Scheme (LGPS) reforms coming into force in April, the government has announced as it moves to tackle the gender pension gap.
The measures – which follow the government's consultation on access and fairness in the LGPS in England and Wales and its response published yesterday (2 February) – include making gender pension gap data reporting statutory as well as making unpaid additional maternity, shared parental and adoption leave automatically pensionable. It said making unpaid additional maternity leave automatically pensionable was a "critical step" that will help close the gender pension gap – noting that around three-quarters of the LGPS's near 7 million members are women and one of the most significant caus...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
