Local government pensions lose £24bn in asset value

clock

Local government pension funds across England and Wales lost £24bn in asset value during the past 12 months, figures from the department for communities and local government reveal.

It showed the market value of assets in English funds dropped from £120bn in March 2008 to £97.3bn in March 2009. Similarly the value of assets owned by Welsh local authorities' funds declined f...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

PPF sees DB aggregate surpluses fall by £2.2bn in August

PPF sees DB aggregate surpluses fall by £2.2bn in August

Lifeboat fund’s data shows total scheme assets fell by 1.9% while scheme liabilities fell by 2.2%

Martin Richmond
clock 09 September 2025 • 4 min read
UCU joins teacher unions calling for review of TPS pension age

UCU joins teacher unions calling for review of TPS pension age

Government urged to implement recommendation set out in 2011 Hutton Report

Martin Richmond
clock 08 September 2025 • 2 min read
DB surpluses hit record levels in August, XPS finds

DB surpluses hit record levels in August, XPS finds

Consultancy’s research finds aggregate DB scheme surplus rose by £50bn in the last year

Martin Richmond
clock 08 September 2025 • 1 min read
Trustpilot