Strong LGPS funding could mean lower 'stable' contribution rates

Isio’s Low-Risk Funding Index finds LGPS funding remained at 112% in Q3, with a £44bn surplus

Jasmine Urquhart
clock • 2 min read
Strong LGPS funding could mean lower 'stable' contribution rates

The strong Local Government Pension Scheme (LGPS) funding levels could mean setting a lower “stable contribution rate”, according to Isio.

The firm's Low-Risk Funding Index measured Q3 funding levels at 112%, with a £44bn surplus, while 69 of the 87 participating funds were recorded as being fully or over-funded (up to 168%). The i...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Management

New Crown scheme completes £2.2m buy-in with Just Group

New Crown scheme completes £2.2m buy-in with Just Group

Transaction secures benefits of 36 members, with First Actuarial as lead risk transfer adviser

Jasmine Urquhart
clock 22 November 2024 • 2 min read
Partner Insight: Smaller transactions – embracing the changing market landscape

Partner Insight: Smaller transactions – embracing the changing market landscape

Joe Hathaway, associate partner in risk settlement at Aon
clock 30 October 2024 • 4 min read
LCP predicts 'flurry' of large transactions in H2 2024

LCP predicts 'flurry' of large transactions in H2 2024

Consultancy says smaller schemes dominated market activity in H1, with £40bn of transactions predicted

Jasmine Urquhart
clock 25 September 2024 • 3 min read
Trustpilot