More LGPS news – Page 21
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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.
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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.
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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.
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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.
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FeaturesWest Yorks Police pays penalty for ill-health mishap
West Yorkshire Police received a fine from the Pensions Ombudsman for failing to deal with a member's ill-health benefits in the correct way.
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Features
SYPA engages members with meeting webcasts
South Yorkshire Pensions Authority (SYPA) has begun using social media and webcasts to improve engagement with its members and employers.
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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
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Features
How Strathclyde allocated £100k SRI mandate
Strathclyde Pension Fund has become the latest scheme to hire a socially responsible investment overlay provider to reduce risk. Owen Walker looks at its selection process.
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GMPF drives annual member admin cost below £14
Local government schemes are using benchmarking and reduced paper trails to save administrative costs. Ian Smith looks at what the private sector can learn from the public sector.
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Features
Merseyside limits losses with low volatility stocks
The £5.1bn local authority pension fund has reduced its losses in recent equity downturns through a low volatility investment strategy.
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Features
UK infrastructure too narrow for Leicestershire
The Leicestershire County Council Pension Fund has split £70m between two global infrastructure funds but feels the size of the UK market is too restrictive.
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FeaturesHow local authority schemes manage political risk
Following the loss of West Yorkshire Pension Fund’s chair at this month’s council elections, a number of local authority schemes outline what steps they take to ensure board continuity.
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South Yorkshire staves off risk of mass opt-outs
Proposed reforms of the local government pension scheme have raised the threat of a mass member exodus, but South Yorkshire has developed a strategy to combat the risk
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Features
How West Midlands reveals AVC exit charges to members
West Midlands Pension Fund is one of a number of schemes that have taken steps to communicate early-exit additional voluntary contribution charges, to avoid a backlash from members.
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FeaturesStrathclyde tackles four main infrastructure risks
Strathclyde Pension Fund has agreed in principle to commit £100m to the Pensions Infrastructure Platform (Pip), and has invested £100,000 to help set up the initiative.
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Features
Local government schemes respond to AE safeguards
Norfolk Pension Fund has issued each of its employers with a guide to complying with new auto-enrolment legislation to ensure members are not induced to leave the scheme.
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Features
Brent sticks by emerging markets despite poor returns
The local government fund has said it will maintain its emerging markets exposure despite short-term underperformance, while Lincolnshire Pension Fund has benefited from global active management
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Features
Greater Manchester prepares for 25% fall in membership
Greater Manchester Pension Fund has set up a working group to draw up an investment strategy in expectation of a much-reduced membership.
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Case study: Hertfordshire saves £1.6m with LPFA
With local authorities seeking efficiencies across the board, the London Pensions Fund Authority (LPFA) has secured its first administration client outside of the capital.
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NewsLGPS reforms to swell private sector deficits
Private sector employers will be among the biggest losers of the 2014 local government pension scheme (LGPS) reforms.