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Keeping LGPS open to new members key to local investments, industry says

Keeping the LGPS as an open DB scheme will be vital if the scheme is to remain a major investor in local communities, according to a new report by industry group Pensions UK

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The LGPS is already a major investor in the UK with between 17 and 28% of its assets invested domestically, according to a new

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.