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...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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