The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers.

[1] It is a defined benefit pension plan.

[3] In 2015, the UK government began the process of LGPS pension pooling, whereby individual LGPS funds across England and Wales were gathered into larger pools, in order to reduce costs and target infrastructure investment, among other priorities; priorities were laid out by the Ministry of Housing, Communities and Local Government.

[4] Eight different pension pools were created and began to transition assets, developing at very different speeds.

[5] The eight pools are: In the 2022 Levelling Up White Paper, the government set out targets for LGPS pension pots to invest at least 5% of their assets in projects that support local areas, potentially unlocking £16bn of LGPS capital for investments in local projects[7] This article related to government in the United Kingdom or its constituent countries is a stub.