LGPS Spotlight March 2024

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As at 31st March 22, the aggregate LGPS funding level sat at 107% – a marked contrast to the position over recent valuation cycles.

Subsequently, with gilt yields rising sharply, funding has followed suit, with the majority of Funds experiencing meaningful higher levels.

This means there may be opportunities for Funds to “bank” these higher-than-expected funding gains by undertaking portfolio de-risking in a measured way.

But as ever, there are a number of important factors to weigh up before making changes. In the March edition of LGPS Spotlight, we dig into investment strategy de-risking in more detail and offer insight into the key risks on the horizon for Funds as we head into Q2 and beyond.

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