LGPS Fit for the Future consultation
Mercer’s response to the “Fit for the Future” consultation, on Local Government Pension Scheme (LGPS) reform in England & Wales.
On Thursday 14th November the Chancellor presented her Mansion House speech, which set out plans to boost growth of the UK economy. Alongside these announcements, the government published a consultation1, titled Fit for the Future, on Local Government Pension Scheme (LGPS) reform in England & Wales.
We have now submitted our response to the consultation to MHCLG and a copy of this can be found below, together with links to our response to the Call for Evidence (which preceded the consultation) and our initial views on the consultation, which were published immediately following the Mansion House speech. Our response has been prepared following discussions both internally and externally with clients and other LGPS stakeholders, to ensure that we have considered all perspectives where relevant.
We appreciate this continues to be an unsettling time for many in the LGPS community and it remains to be seen how the landscape will evolve over 2025 once the Government’s response to the consultation is published. We stand ready to assist clients, and other stakeholders in the sector, in any way we can.
- Head of LGPS Investment