Local Government Pension Scheme committee and board members are confident in their abilities in key areas of responsibility.
A survey carried out by pensions adviser Hymans Roberston found high levels of confidence in eight areas of responsibility, including investment performance and actuarial standards.
Ian Colvin, head of benefits consulting at Hymans Robertson, said: “It is encouraging to see that there are such high levels of confidence across all areas amongst those managing these multi-billion pound funds.
“The last few years have seen great upheaval and change for public sector pension schemes with the introduction of pooling alongside increased regulatory scrutiny.
“Many LGPS funds have embraced these changes and their decision makers, perhaps as a result of increased training, feel equipped to cope with the new landscape with a renewed and welcome confidence.”
However, Colvin added that there is no room for complacency and that funds create their own confidence assessments into training plans in the next 18 months.
