LGPS slashes deficit by £31bn in three years

James Phillips
clock • 1 min read
Investment returns were around 6.6% in 2018/19
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Investment returns were around 6.6% in 2018/19

The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.

The Scheme Advisory Board (SAB) reported today (22 May) that scheme assets had risen to £289.7bn on an actuarial basis as of 31 March 2019, compared with £216.4bn in 2016. Liabilities in March last...

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