LGPS fund management costs rise 51% in one year

Stephanie Baxter
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The local government pension scheme's (LGPS) reported investment costs have increased to £748m and charges per member have more than doubled in six years, according to a report.

Average costs per member reported by the scheme's 89 funds rose from £99.90 in 2013/14 to £144.60 in 20014/15 according to Centre for Policy Studies research fellow Michael Johnson in his paper The...

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