There has been a lot of disturbing news lately about the fall in stock markets and the potential resultant impact on pensions, however, we would like to reassure you that your LGPS defined benefit pension is not linked to stock market performance and the benefits are instead set out in statute. Our members can therefore be assured that both their contributions and their pension, whether in payment or built up to date, will be unaffected. Please note that this statement does not apply to any in-house AVC contributions you may be paying to our in-house provider Aviva which may be impacted by the fall in stock markets.
The LGPS and stock markets
18 March 2020