Active fund management of the local government pension scheme’s (LGPS) assets has been an ‘expensive folly,’ a new report has claimed.
The report published yesterday by the Centre for Policy Studies think-tank found an ‘extraordinary range’ in total annual costs per member across funds, with Enfield’s £592 being 21 times larger than West Yorkshire’s £28.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login