COVID-19, or Coronavirus, was declared a global health emergency by the World Health Organisation back in January 2020. As the CV-19 pandemic escalates, rest assured that LPP are doing everything possible to reduce the impact that the virus is having on our business, our members, our employees and their families. We continue to monitor the Government’s current advice and are reviewing our position daily via a tactical working group.
Since implementing the LPP Business Continuity Plan on Monday 16 March, the majority of LPP staff have moved to home working with a skeleton staff continuing to operate from our Preston office.
We are in regular touch with our key partners and suppliers on their ability to maintain their services and continue to take all reasonable steps to maintain services. Our aim is to do our best to keep disruption to a minimum.
Fund and scheme members’ pensions
Amid the developing Coronavirus situation, we would like to reassure fund and scheme members we are continuing to operate a normal service, including payment of all pensions to our UK and overseas pensioners. While the stock markets are currently volatile, pensions are a long-term investment and we are well placed to weather this volatility. Rest assured that your pension will continue to be paid to you
Message from The Scheme Advisory Board
On Monday 16th March 2020, The Scheme Advisory Board (SAB) to England and Wales published a message about the fall in stock markets and the LGPS. You can view the message here. The Board is seeking to reassure scheme members that the fall in stock markets will not affect the value of their defined benefits in the LGPS.
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