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LGPS voices on the Maple 8

LGPS voices on the Maple 8

27 November 2025, Blog

Pensions UK recently published a report looking at the similarities and differences between the Local Government Pension Scheme (LGPS) and the Maple 8. In this article, representatives of the LGPS share their thoughts on the topic.

As part of the UK Government’s efforts to create better outcomes for savers and drive pension investment in the domestic economy, there have been several reforms to the LGPS over recent years, including pooling, governance reviews and the division of investment responsibilities.

While the LGPS is already one of the world’s largest defined benefit (DB) pension schemes, delivering secure retirement incomes for millions of savers across the UK and leading the way in domestic investment, the Government has been considering ways to adapt practices from the Canadian ‘Maple 8’ pension funds to “fire up” the UK economy.

We spoke to Ewan McCulloch, Chief Stakeholder Officer at the Border to Coast pool, and Neil Mason, Director of Pensions at Surrey Pension Team (a partner Fund of Border to Coast) about the two systems and some of the nuances which should be considered when comparing them.

This is an excerpt, read the full article in our member hub.