LPPI exceeds £250m cost savings target
Author: Tom Parker | Published: November 20, 2025
LPPI has announced it has exceeded its cost savings target, saving more than £250m since the pool was launched back in 2016.
The news comes as it confirmed it increased its net annual savings for its Local Government Pension Scheme partner funds for a ninth year in a row. All in all, the pool increased its annual cost savings to £49.2m in the year to 31 March – up from £48.5m during the same period in 2024.
These savings have come as a result of making direct and co-investments through its in-house management capabilities, as well as from the economies of scale that “its pooling model” delivers.
This scale is set to increase still further as six new LGPS funds join the pool as part of the next stage of the government’s “Fit for the Future” process, resulting in LPPI’s total assets under management rising to an estimated £55bn.
LPPI chief executive Chris Rule said: “This achievement is testament to the expertise of our team, the success of pool collaboration and the strength of our whole scheme management model. By partnering with our clients to manage all of their assets, we’ve been able to maximise the advantages of scale right from day one.
“Welcoming new partners will position us to access new opportunities and deliver further efficiencies which help to support a stable, affordable LGPS for the benefit of members, employers and taxpayers.”
