Updated: Autumn Statement 23 - LGPS funds to be in £200bn pools by 2040

Chancellor announces measures to consolidate pensions following Mansion House reforms

Jasmine Urquhart
clock • 5 min read
Jeremy Hunt has announced several measures to boost pension consolidation in today's Autumn Statement (image source: HM Treasury)
Image:

Jeremy Hunt has announced several measures to boost pension consolidation in today's Autumn Statement (image source: HM Treasury)

All Local Government Pension Scheme (LGPS) funds will be invested in pools of £200bn or more by 2040, chancellor Jeremy Hunt has said in today’s (22 November) Autumn Statement.

As part of measures to "consolidate the industry" following the Mansion House reforms earlier this year, Hunt announced several initiatives to "increase the flow of capital going to our most promis...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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