03 December 2024
5 min
Senior Actuarial Consultant
As funds prepare for the 2025 formal valuations, the LGPS landscape looks very different from 3 years ago.
On the funding side, changes in the economic environment (notably sharp rises in interest rates) have led to improved funding positions, presenting both new risks and opportunities.
Whilst in the investment space, pension policy and the recent ‘Fit for the future’ consultation continues to occupy officer attention.
Funds could be forgiven for paying less attention to the third pillar of an integrated risk management framework: employer covenant.
Read our latest briefing note by Tom Hoare, which explores strategies for managing these risks.
If you have any questions on anything covered in this briefing note, please get in touch.
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