LawDebenture

Why now? : 2026 is implementation year

2026 is an implementation year for LGPS funds. Governance, pooling, valuation, administration, employer risk and change management are all under greater scrutiny. Funds that start early can move beyond compliance, using the review process to improve clarity, evidence, accountability and long-term decision-making.

LawDeb's experts are well placed to support your independent person appointments, which are required by 31 December 2026 · Regulation 53A. 

December 31 Deadline

Our consultation response : LGPS: Fit for the Future

The LGPS Amendment Regulations 2026 are now in force. LawDeb submitted a detailed response to the MHCLG’s Fit for the Future consultation, helping shape the framework that is now law.

Here is what we said, and how we can help funds respond.

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How can we support you? : Managing the requirements

You get a named individual. You also get a team of 50+ professionals behind them. The government has confirmed that administering authorities can appoint a firm, with a named individual supported by wider expertise. No key person risk. No single point of failure. Collective expertise drawn from 230+ appointments.

Pensions Team Away Day Oct 2025

Our credentials

What we bring to your committee

  • Named individual with 50+ professionals across 230+ appointments in support.
  • Deep experience with large, open DB schemes, the LGPS environment.
  • Extensive experience overseeing fiduciary and pooled investment manager models, directly comparable to LGPS pool oversight.
  • APPT accredited directors, active contributors to MHCLG and TPR consultations.
  • Part of a FTSE 250 business with a 135 year heritage.
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Regulatory context

The governance challenge

  • Reg 53A, independent person appointment required by 31 December 2026.
  • Governance, training and conflicts of interest strategy required (Reg 55A).
  • Triennial independent governance reviews now mandatory (Reg 117).
  • Pool transitions creating new governance complexity.
  • Increased DWP and TPR scrutiny of governance standards.
  • SAB good governance requirements to embed and evidence.

Our difference : What sets us apart

  • Our salaried model means no key person risk and access to deep, varied collective expertise on every appointment.
  • We use our deep expertise to help committees test decisions, scrutinise administration and manage conflicts.
  • No adviser tie-ins. No referral relationships with any investment consultant, actuary or administrator. We never provide those services ourselves.

Law Debenture Pensions Governance helps LGPS funds test whether their governance arrangements work in practice, not just on paper. We are not the fund actuary, investment consultant or administrator, so we bring an independent view without reviewing our own advice.

Pensions Governance Team

We can help : How we can support your fund

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Independent person role

Fulfilling the Regulation 53A independent person role, a named individual providing structured, independent governance oversight, supported by LawDeb's full team. Appointment by 31 December 2026

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Independent governance review

Independent review of governance arrangements, decision-making processes, adviser oversight and committee effectiveness. Required on a triennial cycle under Regulation 117. Triennial requirement · Reg 117

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Ongoing governance support

Retained governance expertise between meetings, covering governance, training and conflicts of interest strategies (Reg 55A), trustee education, committee induction, and ad hoc support. Retained · Flexible · Bespoke

A focused review : Not a tick box exercise

  • We help funds step back from day-to-day delivery to look at whether governance is supporting the decisions that matter most: strategy, risk, pooling, valuation, administration, employer engagement and long-term outcomes.
  • Reviews help the fund understand whether governance arrangements are clear, used consistently, and support the fund's long-term objectives for members, employers and taxpayers.
  • We look beyond policies and structure to the way decisions are planned, discussed, recorded, challenged and followed through over time.
  • Our work brings together four connected lenses: independent review, chairing and peer challenge, governance effectiveness, and implementation planning.
Governance Review

The outcome : More than a report

  • A good review creates a shared understanding of what is working well, where stronger assurance is needed, and how governance can better support the fund's priorities over the next few years.
  • Each review is tailored. We combine document review, confidential conversations, meeting observation, chairing support, peer review and facilitated discussion to produce practical, realistic recommendations.
  • Starting before the formal review cycle gives funds time to build evidence, strengthen meeting effectiveness and align governance activity with current pressures.
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Clearer roles

Defined responsibilities across committees and advisers.

Better conversations

Structured, evidence based decision-making at meetings.

Stronger evidence

A documented record that governance is working effectively.

A realistic plan

Governance activity aligned to the fund's long-term objectives.

See our recent LGPS insights

Meet our LGPS experts

We'd love to speak to you about the ways in which we support LGPS with independent pension trusteeship and governance. Do reach out to your usual LawDeb contact or email us at pensions@lawdeb.com