The Local Government Pension Scheme (LGPS) is at risk of falling into a cash flow crisis following years of lax governance, Centre for Policy Studies research fellow Michael Johnson has warned.
In a paper on the £178bn scheme, published today, he reveals that over the past six years total net cash flow surplus of the 89 funds has fallen by 36%. In 2012-2013, 30 funds suffered negative ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
