Senior members of the LGPS, including representatives of the Local Pensions Partnership Investments and LGPS Central pools, attended the government’s inaugural Regional Investment Summit this week.
Live coverage from Manchester of the trade body’s first conference since its summer rebrand as Pensions UK.
After months of discussions and due diligence, 20 of the 21 LGPS funds affected by government pooling interventions have found new partners.
Two more members of the Brunel Pension Partnership have opted to join Local Pensions Partnership Investments as their new pool, with final decisions required by 30 September.
The £5.8bn Avon Pension Fund has confirmed its decision to join Local Pensions Partnership Investments (LPPI) as the Local Government Pension Scheme pooling reshuffle continues.
The Devon Pension Fund has opted to join LPPI as the pooling reshuffle within the Local Government Pension Scheme continues, with indications that more funds could follow suit.
Seven LGPS funds are yet to choose a new pooling partner after the government ordered the ACCESS and Brunel pools to be closed down earlier this year.
The report, published by impact advisory firm The Good Economy, was commissioned in response to the government’s drive for pension schemes to invest more in the UK.
Eight LGPS funds are still looking to find a new home by the end of this month, after the government ordered the Brunel and ACCESS pools to be disbanded.
The government has proposed to remove a paragraph in the Pension Schemes Bill that would have given it the power to direct investments by LGPS asset pools.
More than 270 amendments to the Pension Schemes Bill have been put forward for consideration by the parliamentary committee scrutinising the draft legislation. Pensions Expert looks at some of the most significant proposals.
The allocation is within the pool’s Global Value-Add Real Estate fund, launched in late 2023 with an initial £370m in assets under management.
The £32.2bn Greater Manchester Pension Fund (GMPF) has partnered with Moorfield Group to develop and operate a £120m build-to-rent asset in Trafford, Manchester.
Pensions UK has issued a robust defence of the Local Government Pension Scheme after the Reform Party attacked charges and costs across the system.