Social Housing Pension Scheme

Contributions to the Social Housing Pension Scheme (SHPS) are to increase by 50% after the scheme’s deficit rose to £1.5 billion. Consultancy Lane Clark & Peacock (LCP), which was sent the long-awaited results of the September 2017 valuation of the SHPS, revealed that the deficit increased fr

Richard Soldan Lane Clark & Peacock partner Richard Soldan discusses the impact of the September 2017 valuation of the Social Housing Pension Scheme.

Housing associations should not seek to provide inferior employee pensions after contributions to the Social Housing Pension Scheme (SHPS) were increased, the country’s largest union has warned. The SHPS has members in more than 700 organisations in the social housing sector, and is open to employ