We are delighted to present our second benchmarking report, which this year summarises the key findings of the 2007 round of actuarial valuations of the Local Government Pension Scheme in England, Wales, Northern Ireland and the Isle of Man. Our report takes the results of the 2007 actuarial valuations of LGPS funds to whom Hymans Robertson LLP provides actuarial advice and not only paints a picture of the range of key results, but provides a unique insight into the principal factors influencing the results including intervaluation experience, underlying funding and investment strategy and membership data.