More LGPS news – Page 19
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OpinionBoth sides declare triumph after National Express resolution defeated
Shareholders have voted against a resolution backed by UK schemes at National Express Group's annual general meeting this week, with spokespeople on both sides of the issue claiming victory.
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News
Isle of Wight hunts admin software to meet reform obligations
Isle of Wight Pension Fund is tendering for pensions administration software as its current infrastructure is set to be decommissioned, in a move expected initially to cost up to £267,000.
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NewsSchemes poised for shareholder action at National Express Group
UK local authority schemes are taking part in shareholder action tomorrow in a bid to change employment practices in the FTSE 250 National Express Group's US subsidiary, arguing they could pose a financial risk.
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Opinion
LPFA: Why the government has missed a trick on reform
Talking head: The LPFA’s chief executive Susan Martin argues the government’s consultation on how local authority pension funds can benefit from working collectively does not go far enough.
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Opinion
Industry reaction to £85bn active-passive LGPS shake-up
The Department for Communities and Local Government has proposed that £85bn held by the 89 local authority pension funds should be moved into a single passive investment vehicle, triggering immediate reaction from consultants and schemes.
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News
Waltham Forest invests in impact bonds for diversified returns
Waltham Forest Pension fund has invested in a £20.8m impact investment fund as it seeks to diversify its returns and support UK-based social capital projects.
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Opinion
LGPS reform – the final furlong
Talking head: LPFA’s Mike Allen explains how LGPS reforms are being put in place at the scheme.
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News
Kent ups property to benefit from stronger yields
Kent Pension Fund has decided to increase its exposure to property by almost 20 per cent to take advantage of attractive yields.
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News
LGPS given reform blueprint to cut costs
News analysis: Local government pension schemes are being called upon to increase governance and change investment structures to save taxpayers £1bn a year.
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Features
Berkshire revisits absolute return to boost performance
The Royal County of Berkshire Pension Fund is reevaluating the structure of its absolute return portfolio following the failure to achieve its benchmark target.
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Features
SPPA raising the bar on data precision
The Scottish Public Pensions Agency has initiated a project to benchmark its member data against quality criteria set out by the Pensions Regulator, to find more cost-effective ways of improving data accuracy.
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News
How Norfolk judges investment fee value
Norfolk Pension Fund underwent third-party benchmarking of its investment management fees earlier this year to ensure value, but has warned against a focus purely on cost over quality.
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News
Manager fee restructure lowers costs for LGPS
Hammersmith and Fulham along with Cardiff are among eight public sector schemes already benefiting from asset managers restructuring fees in response to the consolidation and costs debate.
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NewsNotts fund: stable investment ensures performance
Nottinghamshire Pension Fund has advocated a steady state investment strategy to improve efficiencies and reduce costs in the local government sector.
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Features
GMPF to outsource property in investment reshuffle
Greater Manchester Pension Fund plans to outsource the management of its property portfolio in order to hit its 10 per cent asset allocation target, in a review of its external management arrangements.
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FeaturesAvon fund upgrades software to reduce data risk
Avon Pension Fund has implemented a new software system to gather member information from employers in order to reduce the risk of errors, as it moves to fully electronic reporting.
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FeaturesTyne and Wear considers discount rate change to improve funding
Tyne and Wear Pension Fund has considered changing the way it sets the discount rate used to calculate its liabilities, to prevent its funding level falling and large increases in employer contributions.
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News
Gwynedd presents merger plans to boost returns
News analysis: Gwynedd County Council Pension Fund has taken steps towards establishing a common investment vehicle with other Welsh schemes, as public schemes investigate consolidation to provide savings and higher investment returns.
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Features
Hampshire fund pursues tactical asset allocation
Hampshire Pension Fund has created a new tactical asset allocation portfolio funded from reserves that were temporarily invested in equities.
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News
LPFA adopts ALM to boost investment dynamism
The London Pensions Fund Authority is in the process of developing an asset-liability model the scheme hopes will improve its dynamic approach to risk and investments.