LGPS fund management costs rise 51% in one year

Stephanie Baxter
clock

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...

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 Investment

UK pension giants join forces to unlock £1bn for scale-up fund

UK pension giants join forces to unlock £1bn for scale-up fund

Scale-up fund will help boost investment in science and technology businesses

Jonathan Stapleton
clock 27 July 2026 • 4 min read
Schroders refocuses UK institutional team amid partnership approach push

Schroders refocuses UK institutional team amid partnership approach push

Asset manager prepares for a future of fewer, but far larger, pots of pension capital

Jonathan Stapleton
clock 27 July 2026 • 5 min read
BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Trustpilot