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LGPS finances: strong investment returns mask challenges to come

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An increase in assets and improving funding levels paint a positive picture for the LGPS, but changes to contribution rates, valuation assumptions and costs reveal a more complex financial outlook.

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The scheme continues to benefit from strong investment performance, but headline figures in the latest SF3 statistics risk obscuring a significant shift in contributions

Norfolk Pension Fund has secured close to £500m in compensation from three major US companies, highlighting the importance of investor accountability in protecting LGPS pension funds.