In recent years, more and more LGPS funds are experiencing a surplus of assets compared to the actuarial value placed on the future benefits for their members, and in some cases this surplus is considerable. The question is what to do with a genuine funding surplus?

Part of the solution is likely to be passing some of it back to employers through reduced contributions. Could these surplus funds also be used to better help manage risks while still meeting your investment and funding objectives?

This webinar for LGPS Fund Officers, Pension Committee and Local Pension Board members aims to:

provide a general overview of current funding levels in the LGPS, noting there are differences depending on local circumstances, actuarial approach and investment strategy
provide you with our current ideas around using surplus to reduce funding and investment risk i.e. “de-risking”
discuss bulk annuities as an investment opportunity given current pricing (also referred to as a “buy-in”)
help you understand how taking some of these ideas may impact funding levels and future employer contributions

The webinar will be hosted by Laura Caudwell, LGPS Fund Actuary. Laura will be joined by LGPS Investment Principal Kenneth Ettles to talk about investment opportunities and Leah Evans, a Partner in Aon’s market leading Risk Settlement Group to talk about the bulk annuity market. Becky Durran, another LGPS Fund Actuary, will be explaining how these opportunities could impact a typical LGPS fund’s valuation balance sheet and employer contributions.

You will have the opportunity to ask questions of our panel after our presentation.

If you are a fund/scheme officer, please pass this invitation on to your Fund's Committee and your Local Pension Board members, as Aon may not hold their contact details.