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Latest on the LGPS
What can LGPS funds do with their funding surpluses?
David Vallery, chief executive of the Lothian Pension Fund, told LAPF Investments about the three main options open to LGPS funds for using funding surpluses.
Experts praise Brunel’s achievements amid government wind-up order
Asset managers have defended the work of the Brunel Pension Partnership after the Local Government Pension Scheme (LGPS) asset pool was told to wind up by the government.
Border to Coast hires for advisory roles to get ‘fit for the future’
Mercer’s Peter Gent will take on the new position of head of investment advisory at the end of next month as the pool prepares to offer strategic advice to its partner funds.
Actuary’s role in LGPS governance ‘could become blurred’, law firm warns
Burges Salmon lawyers have outlined that the recent case of Kensington and Chelsea reducing its contribution rate poses questions over the wider role of actuaries in the LGPS.
Five Questions For… Jeff Dong, City and County of Swansea Pension Fund
The latest in Pensions Expert’s Five Questions series features one of the leading lights in local authority pensions in Wales. Jeff Dong, head of finance and pension fund at the City & County of Swansea, explains how his fund has evolved over the past 20 years and the investments it is making into the local community.
Border to Coast to vote against BP over weakened climate targets
The LGPS pool plans to vote against the re-election of several board members at the oil giant’s forthcoming annual general meeting.
West Yorkshire appoints Dewey as chief investment officer
West Yorkshire Pension Fund has appointed John Dewey as chief investment officer for the £20bn local authority pension scheme.
PLSA calls for ‘evidence-led’ approach to LGPS pooling overhaul
The pensions industry trade body has urged the government to put members at the centre of pooling reforms and to ensure a review process that is “transparent, fair, evidence-led and fully costed”.
Megafunds ball back in government’s court as LGPS pools approved
Six LGPS pools have been approved by the government following its ‘Fit for the future’ consultation, with final feedback awaited in its formal consultation response.
Government rejects pooling plans for ACCESS and Brunel
Two LGPS pools could be forced to merge with others after the government this week rejected their plans to comply with the chancellor’s “megafunds” objective.
LPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
LGPS and MPs’ pension funds invest in social infrastructure vehicle
The two pension schemes have contributed to an initial £100m capital raise for the Newcore Social Infrastructure Income Fund.
ACCESS awards more private markets mandates
European and US mandates have been awarded to Arcmont Asset Management and Golub Capital, respectively.
Government to consult on changes to LGPS contribution rules
The Ministry for Housing, Communities and Local Government is expected to review rules around changes to contribution rates in the wake of a controversial decision by one LGPS fund.