Long-term effects of Covid-19 could have 'material impact' on LGPS liabilities

clock • 3 min read

While the short-term impact of Covid-19 on liabilities in the Local Government Pension Scheme (LGPS) is likely to be relatively modest, the long-term impact is likely to be greater, according to the Scheme Advisory Board (SAB).

Its annual report published this week said LGPS funds in England and Wales should understand the long-term longevity risk resulting from the pandemic. The number of deaths that have occurred during...

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