Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.
The £10.4bn fund - the biggest English fund in the LGPS - saw an estimated 3.6 percentage point fall in funding levels because financial market returns had been less than actuary expectations, it s...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
