LGPS funding level hits record 125% in Q4 2024

Isio’s Low Risk Funding Index measures end of year surplus at £85bn with assets exceeding £415bn

Jasmine Urquhart
clock • 2 min read
LGPS funding level hits record 125% in Q4 2024

Local Government Pension Scheme (LGPS) funding reached a record 125% by the end of Q4 2024, according to Isio’s Low Risk Funding Index.

The index for the 87 LGPS schemes in England and Wales measured a low-risk surplus of £85bn by the end of last year, with assets exceeding £415bn for the first time as a result of rising UK gilt yi...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Benefit

Lack of industry consensus over run-on becoming medium-term DB strategy

Lack of industry consensus over run-on becoming medium-term DB strategy

PP survey finds 49% say run-on could become mainstream strategy for DB schemes over a five-year period

Martin Richmond
clock 27 August 2025 • 2 min read
Scam warning flag levels surpass 90% for second time this year, XPS finds

Scam warning flag levels surpass 90% for second time this year, XPS finds

Consultancy’s Scam Flag Index shows 94% of cases raised at least one scam warning flag in July

Martin Richmond
clock 27 August 2025 • 1 min read
Fall in number of DB schemes granting discretionary pension increases

Fall in number of DB schemes granting discretionary pension increases

Aon research finds 4% reduction in number of schemes that offered increases in 2024 compared to 2023

Martin Richmond
clock 21 August 2025 • 4 min read
Trustpilot