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New Pension Schemes Bill empowers secretary of state to enforce pooling

After a much-anticipated wait, the government has released its Pension Schemes Bill. What does it have in store for the LGPS?

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As legislation goes, today’s much-anticipated Pension Schemes Bill bears some resemblance to Donald Trump's “big beautiful megabill”. In both cases, policymakers aimed to tackle

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.