Proposed merger of the Northumberland and Tyne and Wear pension funds

Consultation outcome

Proposed merger of the Northumberland and Tyne and Wear pension funds

From:: Ministry of Housing, Communities & Local Government (2018 to 2021)
Published: 20 March 2020
Last updated: 14 May 2020 鈥� See all updates

Applies to England

Read the full outcome

PDF, 177 KB, 6 pages

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Detail of outcome

This is the government鈥檚 response to the consultation. It confirms that the government has decided to proceed with the merger of the 2 pension funds.

Original consultation

Summary

We are consulting on a proposal to merge two local government pension funds 鈥� the Northumberland Pension Fund and the Tyne and Wear Pension Fund.

This consultation ran from
9:30am on 20 March 2020 to 11:45pm on 1 May 2020

Consultation description

Northumberland County Council and South Tyneside Council are both administering authorities of the Local Government Pension Scheme, in relation to the Northumberland Pension Fund and the Tyne and Wear Pension Fund respectively.

Both funds have worked closely together in recent years, and have now applied to the Secretary of State to merge in order to make further efficiencies savings.

This consultation seeks views on the proposed merger and the terms of that merger.

Documents

PDF, 350 KB, 15 pages

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Published 20 March 2020

Last updated 14 May 2020 show all updates

14 May 2020
Added government response.
20 March 2020
First published.

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