10 December 2024
5 min
As 2025 unfolds, amidst a continued era of uncertainty, the LGPS finds itself navigating both longstanding and emerging challenges.
The spotlight remains firmly on the LGPS, with immediate attention focused on the “Fit for the Future” consultation. We hope that many of the significant changes proposed by government will receive more careful consideration and greater scrutiny. Regardless of the consultation’s outcomes, it’s clear that substantial additional work will lie ahead for funds as a result.
On a positive note (and you’d be forgiven for thinking otherwise!), the LGPS is arguably stronger than ever, with notable improvements in funding, governance, and its broader societal impact. Funds are well-positioned to provide sustainable, high-quality pensions for members, while also offering employers an affordable and meaningful staff benefit to support essential service delivery.
Focusing on the core functions of the LGPS, we share our thoughts on what funds may prioritise this year.
If you have any questions, or would like to discuss anything covered in our priorities further, please get in touch.
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