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

PPF7800 index surplus up by £16.2bn last month

PPF7800 index surplus up by £16.2bn last month

Funding ratio up to 130.5% after UK and overseas equities 'performed well'

Jasmine Urquhart
clock 11 November 2025 • 2 min read
LGPS professionals expect further consolidation

LGPS professionals expect further consolidation

Scheme managers expect that either funds or pools will face consolidation

Jonathan Stapleton
clock 11 November 2025 • 2 min read
Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Appointing SEI as fiduciary manager gave the trustees of the Schneider Electric pension schemes the confidence and the agility needed to guarantee member benefits. Richard Taylor, Pensions Manager at Schneider, explains the advantages.

SEI Investments
clock 11 November 2025 • 5 min read
Trustpilot