Almost two-thirds (65%) of UK pension fund leaders expect to increase allocations to UK infrastructure over the next 12 months, according to new research.

Data from Isio shows an aggregate funding ratio of 106% as of 31 March 2024 across local authority pension funds in England and Wales.

The Scottish local government scheme also plans to invest heavily into gilts following a detailed review of its investment strategy.

The Midlands-based local authority asset pool has contributed to a £350m fundraise.

The £7.7bn London Pensions Fund Authority has succeeded in reducing emissions from listed equity investments by 75% compared to 2019.

Local authorities have been given some key duties in chancellor Jeremy Hunt’s Budget speech.

The latest hires, promotions and appointments for the week ending 1 March 2024.

Local authority funds are de-risking as their funded status is improving, new data show.

West Yorkshire, Tyne & Wear and GLIL have all taken active steps to improve their climate and sustainability credentials in recent months.