Local Government Pension Scheme

SPP supports better LGPS access for mayors, but comments on access for outsourced workers

Scheme managers expect that either funds or pools will face consolidation

Report shows no clear consensus among LGPS funds as to what defines local investment

Pool set to manage £100bn with total number of partner funds to be 14

First Actuarial survey shows funding has increased from 83% in 2020 to 146% in 2025

2024/25 statistics reveal 11.7% increase in expenditure and 5.2% increase in total income

Mayors and councillors to access LGPS under proposals