LGPS in store for employer exits amid gilt yield rises

Some employers could leave the LGPS to take advantage of lower cessation debt

clock • 4 min read
Barnett Waddingham partner and actuary Barry McKay

Barnett Waddingham partner and actuary Barry McKay

Higher gilt yields are expected to result in an uptick in employers looking to leave the Local Government Pension Scheme (LGPS), which would create both opportunities and risks to funds, according to experts.

When certain types of employers decide to leave the public sector scheme, the actuary calculates whether there is a ‘cessation debt' that the employer needs to pay. That is often carried out on ...

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