The McCloud Remedy
We are specialists in SHPS, LGPS, own DB Trust and DC arrangements and bring this knowledge to an organisation’s strategic decision making and implementation.
Our dedicated public service pensions team is ready to help you with McCloud, which affects over 5 million people across the UK. We are specialists in employee and member engagement, pensions tax, managing pensions change and pensions administration.
Whether you are a member of a public service pension scheme, represent an employer participating in a public service pension scheme or are part of running the schemes themselves, you will be affected by the significant changes being made to remove age discrimination.
We are ready to provide support across all aspects of McCloud, covered by the three main pillars:
- Administration systems, data and resourcing
- Governance technical advice, project support and stakeholder management
- Engagement support to employees and members through group and individual sessions, supported by digital solutions
Isio brings together insight from across the public service pension schemes and the wider pensions industry to help pension schemes, employers and their people to make the right choices without complexity.
Our team has already helped schemes, with:
- Detailed impact analysis and strategic support on the McCloud pensions tax issues for a large public service pension scheme
- Group presentations to employees in public service pension schemes, including NHSPS, PCSPS, LGPS and the Police Pension Scheme
- Leadership team training, including the complex pensions tax considerations
- Detailed advice to employers on their McCloud considerations, covering people, finance and governance aspects
Read our case studies below to find out how we are helping our clients with the McCloud Remedy.
Case Study | Group seminars for employees
We were asked by an employer to help their employees understand what the McCloud Remedy means for their employees, to understand the impact on their benefits, what choices they have to make and what might be the right choice for them.
We provided face-to-face support that focussed on the issues which were important to their employees, with relevant case studies. Led by a senior pensions consultant, the presentation allowed space and time for discussion and questions.
Case Study | Support for LGPS Employers
We were asked by an employer to help them understand what McCloud Remedy means for them, their roles and responsibilities and the key next steps they should be taking to get ready.
We prepared a comprehensive and easy to digest report clearly setting out the main challenges from the perspectives of People, Finance and Governance, along with a clear action plan to ensure good outcomes.