The market value of Local Government Pension Scheme (LGPS) funds in England and Wales at the end of March 2019 was £287.2bn, an increase of £16.3 billion or 6.0% over the previous year.
According to a government data release, LGPS expenditure in 2018/19 was £12.7bn.
Removing the effect of mergers and large transfers in 2017-18 that equated to a like-for-like increase of £0.7bn (5.7%) on 2017-18.
Total Local Government Pension Scheme income in England and Wales in 2018/19 was £15.1bn, a like-for-like decrease of £2.3bn or 13.2% on the previous year.
The Local Government Pension Scheme in England and Wales included 5.9m people at the end of March 2019, of whom 2.0m are employees still contributing to the scheme.
