There have been articles in the news about the fall in stock markets and the impact on pension schemes. There may be an impact on defined contribution pension schemes, but the LGPS is a defined benefit pension scheme. It is not linked to stock market performance.
Short term investment values of the LGPS fund may vary. However, LGPS long-term investments are securely managed to address any longer term impacts.
LGPS members can be assured that their pension, whether in payment or built up to date, will be unaffected.
The Kent Pension Fund has investments with the Woodford Equity Income Fund. You may have seen articles about this in the press recently. View the Kent Pension Fund - Woodford Equity Income Fund statement. Current, deferred, pensioner and dependent pensioner members of the Kent Pension Fund should be reassured this will not affect their pension entitlement.
Draft Responsible Investment (RI) policy
The Fund has published a revised RI policy and is seeking comments by 31 August 2020. View the draft responsible investment policy.