LGPS £100bn in deficit; Extent of underfunding is 'huge'

clock

The deficit of the Local Government Pension Scheme has more than doubled to £100bn since the scheme's last triennial valuation, a study shows.

A study by independent consultant John Ralfe also found LGPS liabilities have rocketed 41% to £232bn since the scheme's last valuation in 2007 while asset values have crawled up just 8%. Ralfe (...

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

Trustpilot