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Latest on 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.
ACCESS pool awards multi-billion private equity mandates
The ACCESS LGPS pool has appointed Adams Street and HarbourVest to run a private equity mandate that could reach between £8bn and £12bn in size over the next few years.
Investing locally: The case for residential housing and venture capital
Harry Raikes, private equity investment director at Schroders Capital, and Border to Coast’s John Harrison look back on two roundtable discussions with Local Government Pension Scheme leaders.
Government urged to rethink LGPS contribution rules
Kensington and Chelsea’s move to a 0% contribution rate for 2025-26 should spark a rethink of contribution rules and guidance, says LCP.
Kensington and Chelsea aims to cut employer contributions to zero
The local authority pension fund’s investment committee has defied actuarial advice to vote through the change – and could face backlash from central government, members and the regulator.