Welsh local government pensions schemes have been advised to consider further collaboration to deliver better returns on investment and reduce running costs.
A paper issued by the pensions sub-group of the Society of Welsh Treasurers outlines four scenarios for the eight constituent schemes. Funds could continue on an 'as is' basis without change, seek to establish a single all-Wales local government pension scheme fund, pursue a mid-range option based on regional groups or work towards better collaboration, the experts reported.
