Impact of COVID-19 - what does it mean for employers in the LGPS?
30 Jul 2020
Recent market commentary on the COVID-19 pandemic has largely focused on changes in asset values and the resulting impact on pension funds. As an employer within a Fund, there are many more aspects of your Local Government Pension Scheme (LGPS) participation to consider.
This summary considers the key issues and the impact in a number of areas:
- Your asset share
- Impact on liabilities
- Payment of contributions
- Future considerations
If you are considering your employer’s LGPS participation in light of current circumstances, please get in touch for support and guidance to help you understand and find the best option for you.