SAB issues guidance on Academy Conversions

In response to a recommendation in the s13 Report on the 2019 fund valuations, produced by the Government Actuary’s Department (GAD), the Scheme Advisory Board has prepared guidance on common actuarial approaches adopted by LGPS funds on a local authority school’s conversion to academy status (including an explanation of some of the common nomenclature used to describe these approaches). This guidance was developed in a collaborative way by a working group that included GAD, DLUHC, DFE, fund practitioners, fund actuaries, academy school representatives and trade unions. The Board wishes to thank all of those who contributed to its production.