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
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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...

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