Will LGPS schemes cut contributions in light of sustained surpluses?

PwC asks if public sector schemes will look to use surpluses to meet contribution costs

Jonathan Stapleton
clock • 3 min read
Schemes in the public and private sector have built up substantial surpluses over the past two years
Image:

Schemes in the public and private sector have built up substantial surpluses over the past two years

PwC has questioned whether funded public-sector schemes such as the Local Government Pension Scheme (LGPS) will look to use surpluses to help fund employer and employee contributions.

The professional services firm said "sustained improvements" in private sector scheme funding levels meant many were now considering stopping contributions from sponsors to avoid overfunding and us...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Schemes look to pass-through voting as part of customisation push

Is it right to have 25% of DC pensions invested in just seven companies?

More on Defined Benefit

DB schemes enter 'new era' as focus shifts from managing deficits to long-term strategy
Defined Benefit

DB schemes enter 'new era' as focus shifts from managing deficits to long-term strategy

Hymans Robertson says long-term planning is now ‘centre stage’

Holly Roach
Holly Roach
clock 30 October 2025 • 2 min read
Workplace pensions are 'bright star in a dark sky' for corporate UK
Defined Benefit

Workplace pensions are 'bright star in a dark sky' for corporate UK

LCP says corporations can benefit from high funding levels and schemes’ endgame opportunities

Jasmine Urquhart
Jasmine Urquhart
clock 27 October 2025 • 1 min read
MHCLG releases LGPS statistics for 2024/25
Defined Benefit

MHCLG releases LGPS statistics for 2024/25

2024/25 statistics reveal 11.7% increase in expenditure and 5.2% increase in total income

Jasmine Urquhart
Jasmine Urquhart
clock 22 October 2025 • 1 min read
Trustpilot