5 June 2025In July 2024, the government launched a landmark Pensions Review of workplace defined contribution pension schemes and the LGPS. In November 2024, they launched a consultation on proposals to reform the LGPS and ‘put it on a clearer, firmer trajectory to scale and consolidation.’
The consultation included proposals in three areas, namely reforming asset pooling, boosting investment in local areas and regions of the UK, and strengthening the governance of LGPS AAs and LGPS pools.
The government has now published its response to the consultation, setting out its final policy measures on pooling, local investment, fund governance, and pool governance.
Read their full response here.
