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Pensions Bill: ‘politicisation of the LGPS a dangerous road’, industry leaders warn

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Pensions industry leaders have warned that proposed changes to legislation, which could empower the secretary of state to direct funds to pools and mandate investment strategies, risk enabling the ‘politicisation of the LGPS’.

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Industry leaders gathered at the House of Commons on Tuesday to discuss potentially far-reaching changes to UK pensions law for the LGPS. The new

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.