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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Real world experience of a pensions captive

Partner Insight: Real world experience of a pensions captive

Aon
clock 09 May 2025 • 1 min read
DB scheme funding remains steady in April amid market volatility, Broadstone finds

DB scheme funding remains steady in April amid market volatility, Broadstone finds

Consultancy says funding levels remain ‘robust’ in face of ‘rapidly developing’ economic backdrop

Martin Richmond
clock 08 May 2025 • 1 min read
Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Aon
clock 06 May 2025 • 1 min read
Trustpilot