The London Pensions Fund Authority (LPFA) has revealed it has a shortfall of just over £3bn and is 61% funded on a swaps + 0% valuation basis.
The fund's financial update on the nine months to the end of December show that asset values increased £136m to £4.8bn. Its liabilities, applying a swaps + 0% discount rate, stood at £7.9bn, howeve...
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