Autumn Statement: Hunt announces surprise LGPS plan

By Mark Conrad | 22 November 2023

Chancellor Jeremy Hunt has announced a surprise target to ensure all Local Government Pension Scheme (LGPS) funds are invested in asset pools of £200bn or more by 2040.

The ambitious target goes well beyond ongoing reforms to LGPS guidance on pooling first revealed in the chancellor’s Mansion House speech earlier this year – which requires that all LGPS asset pools reach a minimum of £50bn by 2025.

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Whitehall Finance Pensions Autumn Statement