Pensions - Articles - JLT EB appointed to LGPS support services framework


JLT Employee Benefits (JLT), one of the UK’s leading pension and employee benefit providers, has been appointed to the new national Local Government Pension Schemes (LGPS) framework covering pensions administration support services. The appointment will enable JLT to be selected by individual LGPS funds to carry out key projects, such as GMP reconciliations and data cleansing.

 • Further expansion in the LGPS sector in addition to investment consulting
 
 The development further extends JLT’s involvement in the public sector, building on the success of its investment consulting services. Most recently, the team appointed Nick Buckland, formerly Chief Treasury and Pensions Manager for the Dorset County Council pension fund, to strengthen its LGPS investment consulting offering.

 JLT was selected for the framework owing to its considerable experience in carrying out administration projects for large schemes – including a number with over 100,000 members and a similar profile to LGPS funds. Those projects range from full or partial GMP reconciliations to data validation and cleansing, as well as trivial commutation programmes. Under the framework, JLT will also be able to offer other services including scheme reconstruction, administration audits and reviews, temporary staffing support/interim management across a range of functions, member tracing and mortality exercises, communication exercises and pensions accounting services.

 Mark Adamson, Director at JLT Employee Benefits, commented: “We look forward to having the opportunity to work with LGPS funds to advise and support them on projects such as GMP reconciliations and data cleansing. We believe that the combination of our immense experience in these areas and our ability to bring fresh thinking will bring great benefit to the funds.”
  

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