Positive year for LGPS but historic deficit is elephant in room

Stephanie Baxter
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Official figures reveal the local government pension scheme (LGPS) had a positive year amid good investment performance but has not addressed the burden of past deficits.

Income outstripped expenditure so that the value of the 81LGPS funds in England grew by 13% over the last year to over £200bn, according to government statistics published yesterday. The 2014-20...

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