All Local Government Pension Scheme (LGPS) articles – Page 19
-
News
GLIL relaunched under regulated structure
Infrastructure platform GLIL, formed in 2015 by the London Pensions Fund Authority and the Greater Manchester Pension Fund, has been relaunched under a regulated structure.
-
FeaturesHertfordshire bungles scheme actuarial reports
More than one hundred academies and colleges participating in the Hertfordshire County Council Pension Fund have been sent erroneous actuarial reports. These were subsequently used in the preparation of their own financial accounts.
-
FeaturesHounslow drops Capita and heads for West Yorks
The £991m London Borough of Hounslow Pension Fund will enter into an administrative partnership with the West Yorkshire Pension Fund following the imminent conclusion of its contract with third-party administrator Capita.
-
OpinionPrivate sector pooling is a costly red herring
The government’s deadline for the 89 local government pension schemes to pool their assets has now officially passed. Some of the eight pools are up and running already and others will be later this year, but will this change the pensions and investment landscape in the UK?
-
OpinionCompromise and unity should not preclude variety
From the blog: The government’s deadline for the formal establishment of Local Government Pension Scheme pools is only weeks away.
-
News
Councils fear loss of control under London CIV proposals
The London Collective Investment Vehicle has announced a number of upgrades to its governance structures in response to personnel changes, but local authority participants still have fundamental concerns about how investing in the pool will work.
-
News
IDWG chair calls for reform by April
PLSA Investment Conference 2018: Chris Sier, chair of the Financial Conduct Authority’s Institutional Disclosure Working Group, has called for the introduction of reforms promoting asset management transparency by the beginning of April.
-
NewsUniversity of Oxford learns hard lesson with Care closure
The University of Oxford has introduced a defined contribution scheme for new joiners and is making a number of other changes to reduce costs as universities are waking up to their pension deficits. One expert called the education sector ‘a disaster’ in pension terms.
-
Features
Leicestershire fund boosts death benefit security for children
Leicestershire County Council Pension Fund has introduced additional requirements for legal guardians responsible for children’s pensions and death grants, where the guardian’s nomination has been the subject of dispute.
-
FeaturesSouth Yorks plumps for alts as equity concerns bite
The South Yorkshire Pension Fund is trimming its equity exposure and allocating to a range of alternatives, as part of a wide-ranging review that reaffirms the fund’s commitment to environmental, social and governance-based principles.
-
News
Border to Coast pool makes senior appointments
The Border to Coast Pensions Partnership has appointed an interim chief investment officer, chief risk officer and head of equities and alternatives.
-
NewsNotts expands local property investment
The £4.9bn Nottinghamshire County Council Pension Fund has increased its commitment to local property investment. The fund has added £10m to its local property fund and has expanded the geographical area where it will invest.
-
Opinion
Uncharted waters: What lies ahead for LGPS pools?
When former chancellor George Osborne made clear the government’s intention to create six British wealth funds, the prospect of pooling made quite a splash.
-
News
Two North East councils to establish LGPS shared admin service
South Tyneside Council and Northumberland County Council have been working together to establish a shared administration service for the Local Government Pension Scheme, resulting in savings for both.
-
News
Welsh pension pool appoints investment adviser and operator
The Wales Pension Partnership has appointed Russell Investments for investment management and investment advisory services and Link Asset Services as an operator to establish and run a collective investment vehicle.
-
OpinionCost disclosure framework must help schemes judge value
Cost transparency is under the spotlight across the pensions landscapes of the UK and Europe.
-
News
From trees to manager fees: Top 5 investment stories from 2017
Year in review: Innovation characterised investment headlines in 2017, as schemes and members demanded more sophisticated approaches to pension investment.
-
NewsFirstGroup breaks new ground by merging funds within LGPS
Transport operator FirstGroup has become the first major private sector employer to consolidate its pension funds within the Local Government Pension Scheme, as experts agree that similar mergers could be on the horizon.
-
Features
Islington weighs up equity protection strategies
The London Borough of Islington Pension Fund is assessing three equity protection strategies as part of its ongoing investment strategy update.
-
Features
Wholesale changes to rules are needed to enable DB consolidation
Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.