Local Government Pension Scheme (LGPS) regulations
Kingston upon Thames Pension Fund faces delays implementing the McCloud Remedy under LGPS regulations due to software issues.
Kingston upon Thames Pension Fund is currently facing delays in implementing the McCloud Remedy, which requires recalculating pensions for 3,483 members under Local Government Pension Scheme (LGPS) regulations. Industry-wide software issues have prevented the inclusion of individual underpin calculations in annual benefit statements, as reported to the Kingston upon Thames Pension Fund Panel in September 2026.
The Head of Pensions Administration, Tom Taylor, explained that while annual benefit statements were issued on time to active and deferred members, the McCloud Remedy calculations could not be included. This process addresses changes to LGPS regulations.
Key facts
- Kingston upon Thames Pension Fund faces delays implementing the McCloud Remedy. Source
- Industry-wide software delays prevent inclusion of McCloud Remedy calculations in annual benefit statements. Source
- The McCloud Remedy requires recalculating pensions for approximately 3,483 members. Source
- Annual benefit statements were issued on time to active and deferred members. Source
- The Kingston upon Thames Pension Fund Panel was informed of the delays in September 2026. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.