Local authority pension schemes urged to adopt Dutch model

anthonymayer-lpfa

The UK’s Local Government Pension Scheme (LGPS) has been urged to learn from the experience of Dutch occupational pension schemes and become politically independent, with minimum funding requirements, inter-generational risk sharing and conditional indexation in order to ensure its long-term sustainability, despite serious questions over the feasibility of doing so.

Speaking at a symposium on the future of the LGPS in London in late February, Anthony Mayer, chairman of the £3.2 billion London Pe