All LGPS articles – Page 22
-
Features
Cambridgeshire diversifies fixed income to up yield
Cambridgeshire Pension Fund outperformed in 2012/2013 after a restructure of its fixed income investments saw it buy European loans to increase yield and protect itself against rising interest rates.
-
News
Chiltern funds target £2.5m merger saving
Oxfordshire, Buckinghamshire and Berkshire councils are in preliminary talks about merging their pension funds in an attempt to save £2.5m a year, as more local authority schemes club together to reduce costs.
-
Features
South Yorkshire bucks trend with equity allocation
South Yorkshire Pension Authority has increased its allocation to equities over the past three years, concluding that stock selection within its equity portfolios helped it produce positive returns against the benchmark.
-
News
Isle of Wight disinvests equities to pursue DGF approach
Isle of Wight Pension Fund is removing 15 per cent of its allocation to UK equities and redirecting it into a diversified growth fund in an effort to maintain performance and lower volatility.
-
Opinion
Why pooling local govt funds would boost fees battle
Cutting investment costs should be an overriding focus for schemes, and pooling local authority funds could help this quest, argues SCM Private’s Gina Miller in the latest edition of Informed Comment.
-
Features
Essex reduces auto-enrolment costs with transitional delay
Essex County Council opted for a transitional delay to spread costs and reduce work ahead of its employers’ staging date, as a substantial proportion of workers were not scheme members.
-
News
Derbyshire reduces auto-enrolment comms burden
Derbyshire County Council has taken steps to reduce its auto-enrolment communication costs, from record-cleansing to communicating through employers, as local authority schemes look to manage the cost of the reform.
-
Features
Bedfordshire offers representation for academies
Bedfordshire Pension Fund has decided to offer academies “observer” status on its pension committee, with the schools representing a growing and increasingly scrutinised proportion of local authority scheme membership.
-
News
Lothian to reduce 'suboptimal' market cap exposure
The Lothian Pension Fund is to reduce its reliance on market capitalisation-based equity indices and increase investment in global portfolios, in order to boost performance and reduce volatility for members.
-
News
Wandsworth eyes collective investment lead
Wandsworth Council Pension Fund has set its sights on leading a London-wide collective investment vehicle to drive down costs, rather than a forced merger, pensions committee documents have revealed.
-
News
Dorset uses LDI loophole to avoid 'unfit' LGPS regs
Dorset County Pension Fund has set up an “expensive” special investment vehicle to circumvent troublesome Local Government Pension Scheme regulations, as it works to manage inflation.
-
News
Essex council fund maps insolvency risk
Essex Pension Fund has produced a map to help predict employer insolvency after a liquidation left it saddled with orphan liabilities.
-
News
Council funds clash over merger plans
Norfolk Pension Fund has rejected Local Government Pension Scheme merger proposals, saying they could harm fund services and trustee stewardship – but the London Pensions Fund Authority and unions have backed the move.
-
Opinion
Croydon eyes infrastructure as gilt alternative
Elusive returns over the past few years have led many pension schemes to look to alternative investments. Croydon Pension Fund is hoping infrastructure will provide the right results over the long term
-
News
West Yorks to roadshow LGPS reforms to 100,000 members
The £8.8bn West Yorkshire Pension Fund has kicked off plans for a series of roadshows later this year to communicate to its almost 100,000 active members changes to the Local Government Pension Scheme.
-
NewsLocal authority schemes choose multi-asset to limit volatility
Local authority funds have ramped up their interest in multi-asset strategies as they try to manage the impact of volatility on their investments, according to new investment data.
-
NewsHavering to fund 'stalled' local property projects
The London Borough of Havering Pension Fund is planning to invest in delayed local property projects including residential housing, as more council funds increase their exposure to property to match liabilities and boost community investment.
-
Features
Avon aims to avert mass opt-out with roadshows
Avon Pension Fund will go on the road in April to explain benefit changes to avoid a slew of members opting out and threatening the viability of the scheme.
-
Features
Hackney fines employers to improve admin
The multi-employer scheme has been charging sponsors to encourage more accurate and timely data collection, improving scheme performance and cutting cost.
-
Features
Cheshire looks for cost saving with email alerts
The £2.9bn local authority scheme will make more use of email alerts to control costs as it communicates public sector pension and auto-enrolment reforms to members and employers