Pension investment announcement: no change to member contributions or benefits

On 14 November 2024 the government announced proposed changes to how your local government pension scheme (LGPS ) invests.  

Your contributions into the pension scheme and your benefits are set by law. There is no proposal to change these as part of this review.

The government is proposing changes to how we invest our £6 billion in assets. But this wouldn’t affect you.

If you are keen to understand the details, the government has launched a consultation on their proposals.