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LGPS pooling locked in as ‘landmark’ Pensions Bill nears Royal Assent

(Houses of Parliament, Shutterstock)

Following weeks of parliamentary ping-pong, the much-anticipated Pension Schemes Bill has cleared its final parliamentary stages after a late-night breakthrough in the House of Lords, in what industry bodies described as a landmark development.

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Following weeks of parliamentary ping-pong, the much-anticipated Pension Schemes Bill has cleared its final parliamentary stages after a late-night breakthrough in the House of

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.