William Eichler 28 July 2023

LGPS staff voice workforce concerns

LGPS staff voice workforce concerns  image
Image: bleakstar / Shutterstock.com.

Nearly a quarter of local government pension scheme (LGPS) employees feel they do not have the right staff in place, a survey conducted by the Pensions and Lifetime Savings Association (PLSA) has revealed.

The poll, which included responses from 92 LGPS representatives, found that most respondents (85%) remain positive about working within the LGPS.

However, it did reveal that there remain concerns about resourcing with 23% not feeling they have the right staff in place.

Three-quarters of the respondents identified good governance as a priority. Responsible investment and stewardship, alongside Pensions Dashboards, were also cited as priorities.

Only 18% of those who took part in the survey feel they should focus on pooling.

Two-thirds believe that the main legislation or regulatory requirements that govern their work are overlapping between different organisations/regulators, and 63% said it causes them confusion.

More than half (54%) now feel that the legislation/regulatory requirements are too complex to execute – up 6% from 48% since 2021.

Two in five feel legislation/regulatory requirements are hindering them from doing their job effectively (43%).

Tiffany Tsang, head of DB, LGPS and Investment at the PLSA, said: ‘As the largest funded defined benefit pension scheme in the UK, the LGPS is in good financial health and employees report having a positive experience of working within it.

‘However, a swathe of regulatory initiatives in recent years mean the LGPS is increasingly being asked to do more with its limited resources, with our surveys showing LGPS funds find it particularly challenging to recruit.

‘The PLSA is committed to engaging with Government and key stakeholders to draw attention to these findings and the challenges being felt within the LGPS.’

For more on this story, visit The MJ (£).

If this article was of interest, then check out our feature, 'Navigating the great LGPS investment reset'.

SIGN UP
For your free daily news bulletin
Highways jobs

Heritage Venues Duty Manager Casual

Durham County Council
Grade 6 £28,142 - £31,022 pro rata to hours worked £14.58per hour
We have an exciting opportunity for Casual Duty Managers to join our team at The Story, Durham.   WHAT IS INVOLVED? Do you have a passion for workin Durham
Recuriter: Durham County Council

Enhanced Teaching Assistant

Durham County Council
£26,403 - £28,598 pro rata
Enhanced Teaching Assistant  Grade 5 £26,403 - £28,598 pro rata Full time, term time only + 2 weeks Temporary – required as soon as possible until 31. Peterlee
Recuriter: Durham County Council

Lunchtime Supervisor

Durham County Council
£24,796 pro rata
Lunchtime Supervisor Grade 1 £24,796 pro rata 10 hrs per week, term time only  11.45am –1.45pm Monday – Friday Term time only Permanent  The Governor Durham
Recuriter: Durham County Council

Administrative Support Officer

Durham County Council
Grade 4 £25,583 - £26,824
WHAT IS INVOLVED You will provide administration support to both The Adult Protection (AP) Team and the Deprivation of Liberty Service (DoLs).    Th Spennymoor
Recuriter: Durham County Council

Care Support

Durham County Council
Grade 4 £25,583 - £26,824
We have three permanent posts available within the Pathways service - which provides day services Monday to Friday to adults with complex needs.   We Durham
Recuriter: Durham County Council
Linkedin Banner