The LGPS is a defined benefit scheme and therefore the recent downturn in global financial markets does not affect the value of your LGPS pension. The value of benefits that you build up in the LGPS are guaranteed and are not affected by the Pension Fund's investment performance. Neither does the current situation impact the Fund's ability to pay pensions that are already in payment.
Each Pension Fund has a diversified investment strategy which is intended to minimise exposure to any one type of investment. So whilst each Fund's value will have been affected by the downturn in global financial markets over the last few days, the Funds are invested in some assets that will have been affected less than others. Fund officers are monitoring investments closely and reporting to the relevant Funds Pension Fund Panel and Board or Pension Committee who make investment decisions on behalf of members of the Funds.
For more information on your LGPS benefits, please see the member's pages of the Hampshire Pension Services website or the national LGPS member website.
You can view more information on each Fund's investment strategy on their webpages, links for this are below: