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Pensions Bill guidance shifts LGPS focus from pooling to oversight

Three sets of guidance documents released by the government last week offer detailed insights on the practical impact of the new LGPS reforms, Andrew Holt reports.

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The recent statutory guidance on LGPS asset pooling, issued as part of the pivotal Pension Schemes Act 2026, makes a clear distinction between delegating

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.