Eversheds' head of public sector pensions comments on Fair Deal guidance
Gary Delderfield, head of public sector pensions at Eversheds, has commented on the Fair Deal guidance issued by HM Treasury following a review of the existing Fair Deal guidance.
The Fair Deal guidance is a non-statutory policy setting out how pensions issues are to be dealt with when staff are compulsorily transferred from the public sector to independent providers delivering public services.
Delderfield said that a big shock in the new guidance is that the Treasury has extended Fair Deal to apply to maintained schools (including academies) and any other parts of the public sector under the control of government ministers where staff are eligible to be members of a public service pension scheme.
He added that this was not part of the original consultation and it will have significant implications for how these parts of the public sector operate.
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The Fair Deal sets out the principles that will ensure that staff compulsorily transferred out of the public sector will continue to have access to their existing public service pension schemes.
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