Local Government Pension Scheme: Academy Guarantee Extension

(Limited Text - Ministerial Extracts only)

Wednesday 28th June 2023 Written Statements

[The Minister for Schools (Nick Gibb)]

The Department for Education has extended the local government pension scheme academy guarantee to include academy trust outsourced contracts—for example, outsourced catering services.

This extension will help academy trusts by reducing the costs of their outsourced contracts—for example, by lowering set-up costs, simplifying administrative processes and removing the requirement for a bond.

Detailed guidance on the extension has been published on gov.uk:

https://www.gov.uk/government/publications/academies-and-local-government-pension-scheme-liabilities/dfe-local-government-pension-scheme-guarantee-for-academy-trusts-pensions-policy-for-outsourcing-arrangements

[HCWS888]