LGPS 'record' 126% surplus reflects 'resilience' amid market turmoil

Tariff volatility briefly affected funding levels but stabilisation has returned for valuation

Jasmine Urquhart
clock • 1 min read
LGPS 'record' 126% surplus reflects 'resilience' amid market turmoil

The Local Government Pension Scheme (LGPS) funding level improved from 125% to a “record high” of 126% in the first quarter of this year, according to Isio.

The firm's Low-Risk Funding Index for the 87 participating England and Wales LGPS funds showed a low-risk surplus of £87bn, with assets exceeding £415bn. Overall levels of funding ranged from 75...

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