Will leaving the European Union affect your LPF pension?

No change to your LPF pension as a direct result of leaving the EU.

The Local Government Pension Scheme (LGPS) regulations are set out in UK legislation and will therefore continue to apply. As the benefits within the Scheme are protected by UK law, there won’t be any change as a direct result of leaving the EU. Other EU legislation which impacts directly or indirectly on the Scheme is already written into UK legislation and therefore the Scheme will continue to comply with these.

Our pension payments to overseas bank accounts are made via the Western Union service rather than the UK banking system which we understand will minimise disruption.

As the situation develops, issues may arise that affect an individual or group of members and we will be in touch if any matters affect our members. 

Published: 31st January 2020