Current issues in the LGPS - April 2026

Welcome to our latest edition of Current Issues in the LGPS. Plenty on the go as we enter a new LGPS year, including the closure of the 2025 valuations, the impact of the Middle East conflict and the first wave of Local Government Reorganisation decisions in England.

 Below are a few of the topics we cover: 

• Fit for the future reforms - The Pension Schemes Bill recently concluded its passage through the House of Lords. Along the way, the Lords made a few amendments to the LGPS sections of the Bill, despite government opposition. Our blog explores what the developments may mean for the final version of the Bill, and when we may see final regulations on Fit for the Future emerge.
• Impact of the Middle East conflict - The escalating conflict in the Middle East continues to weigh on markets, due to the spectre of higher inflation and weaker global growth. Against this backdrop, our capital markets team reviews the performance of key markets over Q1 and sets out their views for the months ahead.
• Spotlight on valuations - We share insights on valuation outcomes as we close off the 2025 valuations in England and Wales, and look ahead at what's to come as the 2026 valuation year kicks off in Scotland.

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If you have any questions or would like to discuss the topics covered in this edition, feel free to get in touch.

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