PLSA responds to potential merger of two Local Government Pension Scheme pools
The Pensions and Lifetime Savings Association (PLSA) has published a statement responding to reports on the potential merger of two local government pension scheme pools, ACCESS and Brunel, with other pools. While acknowledging the potential benefits of consolidation, the PLSA emphasises prioritising the interests of local authority pension scheme members. It advocates for a transparent, fair, evidence-led and fully costed merger process, cautioning against penalising pools for having different business models and highlighting the costs, resources and time involved in changing existing investment arrangements. The PLSA calls for ongoing dialogue between the affected pools and the government to ensure solutions serve members' best interests.