LGPS £100bn in deficit; Extent of underfunding is 'huge'

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UK - The deficit of the Local Government Pension Scheme has more than doubled to £100bn ($156.5bn) since the scheme's last triennial valuation, a study shows.

A study by independent consultant John Ralfe also found LGPS liabilities have rocketed 41% to £232bn since the scheme's last valuation in 2007 while asset values have crawled up just 8%. Ralfe (...

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