Current Issues in the LGPS - November 2026

In our November edition of Current Issues, we explore the issues shaping the scheme from the return of local government reorganisation (LGR) and proposed academy consolidation, to upcoming Independent Governance Reviews (IGR) and emerging Scottish valuation results.

We also look at investment priorities amid volatile markets, the expected 3.5% pension increase in April 2027 and the latest developments in governance, administration and member outcomes.

Read the selected highlights from the latest edition below, or download the full publication. 

• Local government reorganisation is back on the agenda giving affected LGPS funds more time to review plans and potential impacts.
• Academy consolidation proposals could reshape Local Government Pension Scheme (LGPS) participation, with implications for fund administration, cashflow and employer relationships. 
• Scottish LGPS funding results look strong with an aggregate past-service funding level of around 150%.
• LGPS pensions are expected to rise by 3.5% in April 2027, prompting funds to consider the effects on benefit payments and liquidity.

download the publication

If you'd like to discuss any of these developments and what they could mean for your fund, please get in touch.

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party. Hymans Robertson LLP is a limited liability partnership registered in England and Wales with registered number OC310282. Authorised and regulated by the Financial Conduct Authority and licensed by the Institute and Faculty of Actuaries for a range of investment business activities.  © Hymans Robertson LLP 2026. All rights reserved.