The Local Government Pension Scheme (LGPS) achieved growth in a turbulent 2021-22, according to an annual report.
Local authority return on investment was 8.1% compared to inflation of 8.8% over the period while total assets increased by 7.8% to £369bn. The war in Ukraine had an impact, with investments reducing in value through the final quarter of 2021-22.
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