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LGPS valuation: funding level rises diverge in early results

bond markets gilts pound
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LGPS funding levels have improved significantly between 2022 and 2025, initial figures suggest, increasing the likelihood that funds will cut employer contribution rates.

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Funding levels have improved sharply as rising long-dated bond yields have reduced the actuarial value of defined benefit liabilities, according to Hymans Robertson’s initial

Mandy Kaur-Sadler, the recently appointed independent person to the West Midlands Pension Fund and Worcestershire Pension Fund, shares her expectations for the new statutory oversight role.

(Mandy Kaur-Sadler, the independent person to the West Midlands Pension Fund and Worcestershire Pension Fund)