Some important changes to the Scheme come into force on 28th June 2019. Most of the changes are backdated to 1st June 2018, the date on which the most recent version of the Scheme – the Local Government Pension Scheme (Scotland) 2018 – first came into effect.

29 May 2019

Falkirk Council wishes to appoint a capable and committed person from its pool of retired pensioners to sit as the Pensioner Representative on its Pensions Committee. The Committee is the decision making body of the Pension Fund and is a key part of the Fund’s stewardship and governance framework. The Committee sets the Fund’s high level strategies, including Fund investment, contribution and administration strategies. The Committee is also responsible for approving the Annual Report and Accounts and for monitoring the overall performance of the Fund.

26 Apr 2019

The Annual Pensions Increase for 2019 is 2.4%, payable from 8th April, 2019. Your annual pension will therefore be increased by 2.4% from 8th April, 2019 (but please read the Factsheet in our Forms and Publications Section for exceptions to the general rule). Falkirk Council’s pensions are payable in arrears on the 15th of each month. This means that: • your payment on 15th April will only include 8 days at your new rate of pension • your payment on 15th May will be based entirely on your new rate of pension.

04 Apr 2019

A consultation into the structure of the Local Government Pension Scheme in Scotland is underway with a closing date of 7 December 2018. Read more to see the draft response of Falkirk Council Pension Fund which proposes a three fund solution for Scotland. This offers the opportunity for Funds to make savings from scale investing, improve service delivery resilience and maintain stakeholder representation and local accountability. You can find out more about the consultation by scrolling down to the News item “Structural Review of the Scheme” uploaded on 2 July 2018.

16 Nov 2018

Don't let a scammer enjoy your retirement. Pension scammers will do whatever it takes to get their hands on your savings and enjoy your retirement. Learn how to spot the signs and check who you're dealing with on the ScamSmart website to give yourself the biggest protection against fraudsters.

25 Oct 2018

The Pensions Regulator publish a press release

07 Sep 2018

The following note has been prepared in response to enquiries about the Pension Fund and fracking:

07 Sep 2018

The purpose of this news item is to update employers and scheme members on the production of the 2018 Annual Benefit Statements for active scheme members.

03 Sep 2018

The following Press Release has been issued i) in response to public interest around the Falkirk Pension Fund’s investment in the Israeli Bank Hapoalim and ii) in order to correct certain erroneous information that has appeared recently in the media:

30 Aug 2018

A major consultation has just been launched looking at how the Local Government Pension Scheme is to be structured in the future. This could result in Funds being required to combine their assets into large investment pools or even see the merger of some or all of the existing 11 Scottish Funds.

02 Jul 2018

Pension Scheme rules have been changed from 1 June 2018 to let members retire from age 55 without having to get employer consent. Sounds good, but there are significant penalties for taking your benefits before the Scheme's Normal Retirement Date.

14 Jun 2018

04 May 2018

03 Apr 2018

Late Retirement Update

12 Jun 2017

Find out more on how to top up your state pension benefits

20 Feb 2017

LGPS (Scotland) continues to meet auto enrolment standards.

14 Jun 2016

A new State Pension is being introduced from 6 April 2016 for people reaching State Pension age on or after that date. A factsheet has been prepared by the Dept. of Work and Pensions to help inform about the changes.

13 Jan 2016

There are changes planned for the Governance of the Fund. Find out about the consultation it here.

05 Nov 2014

The Pensions Regulator has produced another guide about pension scams, which are on the increase.

21 Oct 2014

This newsletter covers a range of items of interest to members.

02 Mar 2014

With a little over a year till the new version of the Local Government Pension Scheme becomes effective, there’s a lot to do to ensure a successful implementation.

15 Jan 2014

HM Revenue & Customs have published a factsheet about the tax consequences of pension liberation

05 Nov 2013

At present, the scheme is only open to employees with contracts of at least 3 months duration.

25 Feb 2013

The Pensions Regulator has recently advised that “Pension liberation, also known as ‘pension loans’ and ‘pension scams’,

25 Feb 2013

he Pensions Section is in the process of issuing annual statements as at 31st March 2012.

18 Feb 2013