May 2021: An update from the LPFA on Covid-19

The fall in COVID-19 cases across the UK signals a new phase in the fight against the disease. The vaccine programme does give some cause for optimism, but we urge all members to continue to follow the Government advice.  The LPFA and LPPA teams remain fully available to provide our members and employers with the support needed.

To LPFA Members:

We want to reassure all members that your benefits are secure, and we will continue to pay your pensions. The LPFA is a long-term investor and we aim to protect against market volatility when we invest.  Your pension is also guaranteed by the government so no matter what happens you will continue to receive a pension. If you’d like more information about the Fund’s finances, you can see our draft accounts here.


Contribution flexibilities

Many people are struggling with their finances. If you are in the LGPS and are looking to reconsider your contributions and benefits, then remember that all our members can choose to reduce their pension contributions by joining the 50/50 section.  More information can be found here.

In the 50/50 section, your monthly pension contributions will be halved, and you will also build up half the amount of pension. This will give you more money in your bank account each month, but it will mean you are building up your pension more slowly. Members can choose to join the 50/50 section or return to the main section at any time.


Sign up to My Pension Online

We would encourage all our members to sing up to My Pension Online (MPO). Using MPO allows you to keep your contact details up to date, calculate your income in retirement, tell us about your next of kin, and contact us simply and quickly if you have any queries about your pension.


A warning to all members about scams

Remember - companies are not allowed to call you up about your pension unless you have specifically said you want to be called, or already have a policy with the provider. In short, if you have not asked them to call you, and you do not have a pension with them, the company shouldn’t be calling you.
But scammers are unlikely to be put off by this ban, so it is important to be aware of the tell-tale signs of a pension scam. Scams take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities, including investments in crypto assets.
Beware of investments that appear to be too good be true.
Follow these 7 tips to protect yourself:
  1. reject offers that come out of the blue
  2. beware of adverts on social media channels and paid for/sponsored adverts online
  3. use the Financial Services Register and Warning List to check who you are dealing with
  4. do not click links or open emails from senders you do not already know
  5. avoid being rushed or pressured into making a decision
  6. if a firm calls you unexpectedly, use the contact details on the Financial Services Register to check that you are dealing with the genuine firm
  7. do not give out personal details like bank details, address, existing insurance/pensions/investment details


If you suspect a scam or are feeling under pressure, call Action Fraud straight away on 0300 123 2040.

To LPFA Employers

The government has released new guidance for Local Government Pension Scheme (LGPS) administration due to the COVID-19 pandemic. The purpose of this guide is to provide employers with a summary of the key directives and clarify the fund’s position on any recommended discretions. You may receive questions from members concerned about their financial situation and the impact of the crisis on their pension. Please refer them to LGPS website where they can find the answers to some of the most common questions. Should you have any concern about COVID-19’s impact on your employer covenant, then please contact LPFA’s Head of Employer Management Services ( for further information.