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It is time to re-think the role of Local Pension Boards

(William Bourne)

The LGPS facing significant changes with the introduction of the Pensions Bill. This, argues William Bourne, an independent advisor to the LGPS and founder of Linchpin Advisory, could be a good time to assess whether Local Pension Boards fulfil their purpose.

The driving force behind the 2015 establishment of Local Pension Boards (“LPBs”) was the 2011 Hutton report, in which he commented that “there is

Paul Guilliotti, director of Financial Services, Richmond and Wandsworth Councils argues that current high funding levels should be approached with caution as marginal changes to discount rates can potentially have a significant impact.

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