JLT Employee Benefits has launched a new cross functional group specialising in serving local government pension schemes (LGPS).

The firm's LGPS Assurance Team comprises of individuals with expertise across all areas of pensions and with experience of the public sector.

The LGPS currently has individual funds with total assets in excess of £220bn and more than five million public sector employee members. JLT has been active in this area of the market since 2002 assisting investments of 22 funds.

Recently, JLT was also appointed to the new national LGPS framework involving pensions administration support services, where the firm can be employed to assist with key projects such as GMP reconciliations and data cleansing.

JLT Employee Benefits LGPS and public sector administration services director Adrian Chapman said: “With the LGPS Assurance Team, we are looking to harness our vast collective LGPS experience to make available a complementary administration support team for the public sector.

“Public sector pension schemes are facing huge challenges at present and I’m confident that, with our full range of LGPS services, we are very well placed to support the funds going forward.”

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