Will LGPS schemes cut contributions in light of sustained surpluses?

PwC asks if public sector schemes will look to use surpluses to meet contribution costs

Jonathan Stapleton
clock • 3 min read
Schemes in the public and private sector have built up substantial surpluses over the past two years
Image:

Schemes in the public and private sector have built up substantial surpluses over the past two years

PwC has questioned whether funded public-sector schemes such as the Local Government Pension Scheme (LGPS) will look to use surpluses to help fund employer and employee contributions.

The professional services firm said "sustained improvements" in private sector scheme funding levels meant many were now considering stopping contributions from sponsors to avoid overfunding and us...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot