UK LGPS Actuaries Firms' 'quadopoly' reported to Competition & Markets Authority

Bailey and Clancy make Enterprise Act 2002 pt.4 request for a formal market study.

"Actuarial advice to LGPS funds is highly concentrated, persistent, and characterised by limited differentiation of outcomes.""

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20th November 2025

£2.7 BILLION:
the record-high payout in taxpayer-funded Management Expenses to pay the UK's local government pensions.

£2.4 Billion of it to investment bankers for an embarrassing 3.3% return on investment.

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9th November 2025

Local Government Pension Fund employer contributions to fall by £10 billion a year- for the next three years

Sudden massive fiscal headroom available,

if the Chancellor acts fast!

£10B reduction for the next three years as 10 year annualised returns settle at 7.1%..

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24th October 2025

£476 Billion:
*UPDATE*
UK's 97 Local Government Pension Funds - combined assets 2025

That's $0.63 Trillion. making it the 5th biggest pension fund, and 8th biggest sovereign asset fund, in the world.

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23rd September 2025

Back to school scandal (Part Two):

How it came about that school headteachers, FE College principals, university vice-chancellors and other bosses came to believe their very real Pension fund surpluses simply weren't there.

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Labour’s £200 billion blunder

One of the worst mistakes of any incoming Labour government.
A Scandal.

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John Clancy and David Bailey