Happy New Year! I hope you all had fabulous breaks! 😊 It seems appropriate that my first blog of 2025 looks at what might be coming up for pension schemes this year. Defined Contribution (DC) Schemes So much change is expected here! Alongside Value for Money (VFM) framework development, the government is looking at setting…
The Government is frustrated at the slow pace of LGPS pooling. Since the eight LGPS pools were set up in 2015, the Government has been pushing for 100% pooling. However, as of March 2024, only 45% of LGPS assets are invested through pools (HMT, 2024). The level of pooling varies by Local Authority, in 2022…