29th June 2022 LGPS 2016 Scheme Valuation Report published by Government Actuary’s Department

GAD has published its report on the 2016 scheme valuation which calculates the cost cap cost of the scheme using HM Treasury’s valuation directions, as at 31st March 2016. The report concludes that the costs of the scheme were 1.2% below the target cost, meaning no action is required to be taken as there is no breach of the 2% corridor.