
Opinion: LGPS accounting for Higher Education
Bulletin 1 - We are helping universities prepare for their LGPS pensions ahead of year-end 2020
Opinion: LGPS accounting for Higher Education

Higher Education - LGPS accounting
Bulletin 1 - 31 July 2020
In our first bulletin for post-92 universities - we found:
- An increased focus from auditors on pension issues, making good governance a key requirement
- Many universities will be expecting a larger deficit on their balance sheet and a larger pension expense for 2020/21
- Standard LGPS actuary assumptions may be appropriate for some universities, but not all - understanding where your actuaries assumptions sit within a reasonable range is good governance