ASCL welcomes the opportunity to make a written response to the proposals to remedy the transitional arrangements to the 2015 public sector schemes, following the Court of Appeal’s ruling in the McCloud and Sargeant case.
This response primarily relates to the Teachers’ Pension Scheme (TPS)*, as this is the scheme to which the majority of ASCL members belong.
ASCL is concerned that the cost of the remedy will be incurred by the TPS, and therefore ultimately funded by member and/or employee contributions. The scheme (administrators, members, employers) is not at fault and should not incur costs to fund a remedy to an illegality not of its making. This leads to real concern about cost pressures within the independent sector further incentivising seeking alternatives to the scheme.
Full response to consultation
* customised responses have been submitted to devolved jurisdictions as appropriate