What protections exist for my pension on privatisation?

Last updated: 03 Mar 2020
Staff transfers from Central Government – New Fair Deal

New Fair Deal provides members working in central government with pension protection on privatisation. In simple terms it allows members to contribute to their existing scheme (Civil Service Pension Scheme) after their role is privatised.

For members who were privatised under Fair Deal, the predecessor to New Fair Deal, New Fair Deal will apply on retendering. Under Fair Deal, employers on privatisation were required to offer their own scheme that was certified by the Government Actuaries Department to be broadly comparable scheme to the employees transferring at privatisation. Upon retendering, rather than a continued requirement to offer a broadly comparable scheme, members within scope of protections are able to re-join the public sector scheme they left at privatisation.

New Fair Deal guidance.

Staff transfers from Local Government – Best Value Transfers Direction

For Local Government staff similar protections are offered via the “Best Value Authorities Staff Transfers (Pensions) Direction 2007”

Best Value Authorities Staff Transfers Direction guidance.

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