All LGPS articles – Page 16
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News
Falkirk targets social housing with £30m investment
Falkirk Council Pension Fund is joining the ranks of local authorities investing in social housing, with a £30m allocation, as experts debate the strengths of the asset class.
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News
Regulator fleshes out compliance approach to public sector
The Pensions Regulator has released details of its compliance and enforcement policy for public service schemes, after taking on oversight of more than 200 plans from April.
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News
Havering struggles to find local infra for growth
The £506m London Borough of Havering Pension Fund is looking to invest in local infrastructure projects, but the need to balance this with strong returns is hampering its search.
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Opinion
LPFA: How proper governance can boost fund returns
Talking Head: As more local authority pension schemes join forces, the LPFA’s Susan Martin talks about the importance of independent oversight.
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News
Surrey opts for LDI to harness funding gains
Surrey County Council Pension Fund has put a liability-driven investment platform in place to capture rises in the funding level, after falling gilt yields wiped out last year’s gains.
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News
Council fund pins impact allocation to health and employment projects
Waltham Forest Pension Fund has begun drawing down its impact investment mandate into a range of projects, as pension schemes increasingly measure the social and environmental effects of their decisions.
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News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
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News
Essex latest pension fund to commit to direct lending
Essex Pension Fund has become the latest to introduce an allocation to direct lending into its alternatives portfolio, as scheme interest in the asset class ratchets up.
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News
Council funds report low take-up of 50-50 option
The option for local authority staff to halve their pension contributions while retaining other benefits has seen take-up below expectations, as the local government reforms bed in.
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News
Lincolnshire fund enters admin-sharing deal with West Yorks
Lincolnshire Pension Fund has teamed up with West Yorkshire Pension Fund on benefit administration in order to deliver cost savings, in the latest example of local authority collaboration.
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News
Merseyside uses FX rate benchmark to cut fees
Merseyside Pension Fund has used foreign exchange rate benchmarking to hold its banks to account and secure cost reductions, as local authority schemes put increasing fee pressure on their investment counterparties.
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Opinion
Strength in numbers: how your scheme can use the power of collaboration
With hundreds, thousands or even tens of thousands of members paying in every month, much of the strength of pension schemes as investors is based on the power of economies of scale. But can this effect be compounded further when schemes pool resources?
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Opinion
What could a Conservative government mean for pensions?
LCP’s Bob Scott argues a Conservative government in May could mean changes to pensions tax relief, further public sector reduction and the discouragement of collective pensions, if past performance is any guide to the future.
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News
West Midlands plans online growth after web traffic more than doubles
West Midlands Pension Fund plans to develop its online member portal after further growth in traffic and member engagement, as digital communication becomes a mainstay of the sector.
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News
Volunteering charity makes £2.9m deficit payment after property sale
London-based charity Community Service Volunteers has reported using the sale of property assets to reduce the risk posed by its pension deficit, as defined benefit schemes reach their lowest aggregate funding level in 18 months.
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News
Surrey sets up trigger-based framework for £90m gilt repo move
The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.
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Opinion
Should local authority schemes be forced to invest passively?
In the latest edition of Informed Comment, Threadneedle’s Moira Gorman discusses whether forcing local authority schemes into passive investment for their listed assets is a good idea.
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News
How LGPS members are responding to collective investment reform
Advocates of public sector pension reform have warned that regional initiatives could 'water down' savings for local authority funds from planned changes to the Local Government Pension Scheme.
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Opinion
LPFA: Illiquids, fees and scale in our investment approach
Talking head: The London Pensions Fund Authority’s director of pensions Mike Allen discusses the “need for positive change” in local government pension funds, and how the LPFA’s approach to growth and matching assets has changed.
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News
Lothian adds benefit extension as it looks to upgrade online services
Lothian Pension Fund has extended its online member services to allow members to calculate the pension they would get under voluntary redundancy, as well as introducing a data transfer system for employers to ensure accuracy.