All Pooling articles – Page 3
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NewsGovernment plots LGPS consolidation through Pension Schemes Bill
Chancellor Rachel Reeves has announced plans to merge local authority pension funds into a “handful of megafunds” to boost their capacity to invest in infrastructure and local assets.
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NewsWhat the LGPS expects from the Mansion House speech
Pensions Expert’s sister publication LAPF Investments surveyed members of the LGPS community to gauge expectations ahead of Rachel Reeves’ Mansion House speech.
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NewsLGPS update: Border to Coast invests in UK clean energy
Border to Coast has made the first investment from its UK-dedicated investment portfolio launched earlier this year, while ACCESS has reached £50bn in pooled assets.
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NewsTyne & Wear, Teesside to create admin ‘centre of excellence’
The Tyne & Wear and Teesside pension funds have agreed a partnership to establish a shared administration function.
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NewsLGPS update: ACCESS, LGPS Central allocate to real estate strategies
New mandates include an impact real estate strategy and more than £2bn worth of UK and global real estate investments.
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FeaturesAre Canadian pension funds the right template for the LGPS?
The chancellor wants UK pension schemes to learn from their Canadian counterparts when it comes to investing in UK infrastructure. But Canadian schemes are themselves under pressure for a perceived lack of domestic investment.
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NewsLondon CIV faces uncertainty as local authority fund ponders future
Despite the government’s best efforts to pool the assets of UK local authority pension funds, one London scheme – the £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund – recently revealed it may leave the London CIV.
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NewsKensington and Chelsea fund considers leaving London CIV
On the go: The £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund is considering leaving the London CIV.
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NewsBorder to Coast invests in private markets
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has made initial commitments to its second private markets programme, first launched in April 2022.
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NewsBorder to Coast appoints Robeco for voting support
On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
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NewsLGPS funds target illiquid assets and emerging market equities
Illiquid alternatives have been the most sought-after investments among local authority pension funds this year, while schemes are also set to take advantage of selected investment opportunities in emerging markets.
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NewsLGPS Central to break even on cost savings by 2023
On the go: LGPS Central, which manages around £49bn in assets on behalf of eight Local Government Pension Scheme partner funds, expects to break even on cost savings by 2023.
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NewsCollective defined contribution schemes launch in Great Britain
On the go: Providers in Great Britain are now able to apply to launch collective defined contribution schemes, a development hailed by pensions minister Guy Opperman for its potential to “transform the UK pensions landscape”.
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NewsBorder to Coast completes private markets investment
On the go: The £36bn Border to Coast Pensions Partnership has announced it has completed the final £1.5bn of investment within its first private market offering since its launch in 2019.
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NewsAon and Mercer issue ‘urgent’ call to action over LDI strategies
Consultancies Aon and Mercer have urged pension schemes, trustees and sponsors to prepare to intervene to protect their schemes, as bond market volatility puts strain on liability-driven investment strategies.
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NewsBedfordshire pools academy liabilities in bid to cut volatility
The £2.76bn Bedfordshire Pension Fund’s committee has agreed to create a pool for its academies’ pension liabilities, in a bid to reduce the volatility caused by members entering and exiting the scheme.
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NewsRoyal Mail moves ahead with CDC scheme after consultation
On the go: Royal Mail, the Communication Workers Union and Unite have agreed to progress plans to introduce a new collective defined contribution scheme, the first of its type in the country, following a consultation with members.
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NewsLondon CIV launches alternative credit fund
On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Schemes worth a collective £45bn, has launched its Alternative Credit Fund.
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NewsAccess pool criticised by LGPS board over policy failings
Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.
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NewsClarity needed as LGPS pools could be branded fiduciary managers
A delay to regulations from the Department for Levelling Up, Housing and Communities has meant that Local Government Pension Scheme investment pools have fallen under Competition and Markets Authority rules meant for fiduciary managers.