Commons Sense

House of Commons · Written Ministerial Statement

Local Government Pension Scheme in England and Wales – Scheme Improvements (Access and Protections)

13 October 2025 · Ministry of Housing, Communities and Local Government

Proposed by Alison McGovern Lab Birkenhead

Benefits & Welfare

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The government announces a consultation on proposed improvements to the Local Government Pension Scheme in England and Wales.
  • The consultation will focus on four areas to enhance member benefits and the scheme's role in economic growth.
  • The government plans to publish its full response to the May 2025 consultation later in 2025.

Issue summary

This statement announces a consultation on proposed improvements to the Local Government Pension Scheme (LGPS) in England and Wales.

Action requested

The consultation will cover four areas of improvement for the LGPS and aims to enhance member benefits while ensuring the scheme's role as a catalyst for growth. The government plans to publish its full response to the May 2025 consultation later this year.

Key facts

  • With 6.7 million members and £400bn in assets under management.
  • Due to reach £1tn by 2030 through investment reforms.
  • Consultation launched in May 2025.
  • Four areas of improvement covered: benefits, investment, pooling, and governance.
  • Local Government Association, LGPS Advisory Board, and the Government Actuary’s Department provided support.
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