LGPS Scheme Advisory Board
Local government pension funds are currently addressing funding levels, compliance issues, and asset growth within the Local Government Pension Scheme.
Croydon Council's Pension Board, which oversees its Local Government Pension Scheme fund, reviewed its 2025 valuation in November 2025. Initial results suggested employer contribution rates could be cut by 3% due to a 132% funding level as of March 2025. The board also reviewed its Breaches of the Law log in November 2025, revealing instances of missed refund deadlines.
Separately, Hounslow Pension Fund's assets, part of the Local Government Pension Scheme, reached £1.4 billion by June 2025, as discussed by its Pension Fund Panel in October 2025. The Panel approved recommendations for the 2024-25 annual report, a pooling update, a transition plan, and the investment adviser's quarterly report.
Key facts
- Croydon Council's Pension Board reviewed initial results from the 2025 valuation of its pension fund in November 2025. Source
- Employer contribution rates for Croydon's pension fund could be cut by 3%, according to initial 2025 valuation results. Source
- Croydon's pension fund had a funding level of 132% as of 31 March 2025, a report to the Pension Board said. Source
- Croydon's Pension Board reviewed its Breaches of the Law log in November 2025, revealing instances of missed refund deadlines. Source
- Hounslow Pension Fund's net assets reached £1,404.9 million at the end of June 2025, a report to the Pension Fund Panel said. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.