LGPS fund valued at £7.7bn, up £100m from 2021-22, with funding level of 118%
Local Government Pension Scheme (LGPS) funds are being urged to prioritise cashflow management as investors are challenged to find income in traditional fixed income and property markets.
The government suffered a major High Court defeat after guidance forcing the LGPS to invest in line with UK foreign policy was deemed unlawful. Stephanie Baxter finds it could have far-reaching consequences.