Poor LGPS governance will trigger cash flow crisis warns think tank

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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 ...

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