Lothian Pension Fund and Falkirk Council Pension Fund are exploring the possibility of a merger of operations. The two Local Government Pension Schemes represent a combined 115,000 members, 98 active employers and £11.3bn of assets.

A merger is expected to be a significant and positive development for the funds, members, employers, and colleagues in continuing to build an increasingly resilient pension fund provider for the City of Edinburgh and Falkirk councils.