Here’s a concise update on the Greater Manchester Pension Fund (GMPF) based on the latest publicly available material I can access.
GMPF is the largest local government pension scheme in the UK, serving multiple Greater Manchester authorities and related employers. Recent readings show continued emphasis on funding strategy, governance, and member communications as part of its long-term plan. For context, GMPF has historically reported on funding positions and employer contributions as part of annual cycles.[2][3]
The Fund has recently published or circulated materials around its funding strategy and 2025/2026 outlook, including references to valuation results and contribution rates for the period 2026–2029. These documents indicate gradual actions to manage funding level movements and employer costs within the Local Government Pension Scheme framework.[2]
Public-facing information also highlights ongoing governance work, member guidance, and administrative improvements (e.g., digital statements and dashboards), reflecting a broader trend of modernizing pension administration within GMPF.[5][7]
Historical context: GMPF is sometimes described in sources as a large, legacy scheme with assets measured in the tens of billions of pounds, reflecting its scale within the LGPS system. While individual asset figures can vary year to year, the fund has consistently remained among the larger UK local government schemes.[3][4]
Example of a recent development you might care about:
If you’d like, I can drill down on a specific subtopic (funding position, latest annual report, employer contribution rates, or member services) and pull the most relevant extracts or figures. I can also summarize a particular document if you provide a link or a PDF you’d like me to review.[4][3][2]
Citations:
equity markets, particular over the Christmas period. Along with much of the rest of the country, we are also continuing to experience uncertainty surrounding any deal around Brexit. However, thanks to the hard work of our managers, advisors and partners, I am pleased to announce that the current value of the Fund stands at £23.8 billion. This is both a higher
www.gmpf.org.ukOn average, contribution rates have reduced due to higher assumed future returns at 2025, reducing the estimated cost of funding future benefit payments. Funding position At 31 March 2025, the funding position on the Fund’s assumptions has improved from the last valuation at 31 March 2022. Table 2 shows the reported funding … have a funding strategy that is likely to achieve the objectives set out in the Funding Strategy Statement. This report contains the valuation’s two key outcomes:...
lgpsboard.orghold and pensioner members who had retired in the 2023/24 tax year was completed this quarter. All statements were issued by the statutory deadline of 6 October 2024. Those who requested a paper copy or a version in an alternative format also received their statement by this date. It was explained that the project to move processes online continued to progress well. Work to revise … project would begin in quarter four, with a focus on planning the implementation of the applications....
tameside.moderngov.co.ukIt has been eighteen months since it was announced the £16bn Greater Manchester Pension Fund would take responsibility for providing benefits to all existing and former public sector probation staff and Community Rehabilitation Companies (CRC) from 1 June 2014. Helen Morrissey looks at how the process has gone.
www.professionalpensions.com