LGPS returns up 13% in 2011/12
0Local Government Pension Scheme benefits spend increased 12% from 2010-11 to 2011-12 according to statistics from the Department of Communities and Local Government.
Last year’s spend was £6.7 billion and this year’s £7.5 billion. Meanwhile, the income from employee contributions declined 6% to £1.8 billion in 2011-12. Income from employers’ contributions diminished only slightly, by 0.4% year on year.
At the end of March 2012 the market value of LGPS funds was £148 billion, an increase of 4% on March 2011 and an increase of 52% on March 2009. Income from investments was also up from 2010-11 by 13% to £3 billion.
The number of employees in the Scheme decreased 4% year on year as the number of people leaving it due to redundancy increased over 55% on 2010-11 to more than 27,400.
The number of former employees entitled to deferred benefits rose to 1.4 million in 2011-12, an increase of 7% over 2010-11 and an increase of 35% over 2007-08.
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07 February 2013
2nd LAPF Strategic Investment Forum (The Landmark Hotel, London)
Strategic investment thinking for senior LGPS investment officers, their independent advisers and heads of LGPS investment committees. Jointly organised by AIConferences and LAPF Investments Magazine
Free places offered on a first-come-first-served basis to qualifying delegates
