All Local Government Pension Scheme (LGPS) articles – Page 21
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FeaturesMerseyside mulls infra for income
Merseyside Pension Fund is considering an increase in its allocation to infrastructure, as experts have warned that investors should ensure they have access to the relevant skills and experience.
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FeaturesSouth Yorkshire admin issues highlight LGPS challenges
A number of local authority schemes have faced administration challenges and missed deadlines after implementing new software, as the provider struggled with capacity troubles.
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Opinion
LPP: Why private sector schemes should pool assets
It is interesting to learn that corporate pension funds, small and large, are being encouraged to come together, if not to merge but certainly to share management and pool assets.
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News
Access set to rent as pools decide on structure
The Access pool of the Local Government Pension Scheme is looking into renting a provider for the structure of its investment vehicle, but there are different options for pools depending on how much they want to outsource.
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NewsLGPS guidance opens doors for both investment and intervention
Local government pension schemes will enjoy greater flexibility with their investment arrangements, guidance on forthcoming regulation indicates, but concerns remain about the scope for government intervention.
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FeaturesNilgosc turns to low vol equities
The Northern Ireland Local Government Officers’ Superannuation Committee has made a £300m allocation to low volatility global equities in an effort to reduce overall risk while closing its funding gap.
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News
Hounslow commits £100m to multi-asset income
The London Borough of Hounslow Pension Fund has introduced a £100m allocation to multi-asset income in an effort to diversify as it moves towards being cash flow negative.
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OpinionHow will LGPS pooling work in practice?
Investment pooling for the Local Government Pension Scheme in England and Wales brings incredible opportunities and substantial challenges to administering authorities, the proto-investment pools and pension committees.
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NewsWest Midlands saves £25m with in-house mandate
The West Midlands Pension Fund has found savings of more than £25m a year after a swath of changes to its investments and a two-pronged strategy to reduce administration costs.
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Opinion
Leadership is needed for the future of DB
The UK’s defined benefit pensions sector has come under growing pressure in recent decades. But events surrounding the likes of BHS and British Steel have brought those issues to the attention of a much wider audience.
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News
Strathclyde adds EMD as cash flow turns negative
Strathclyde Pension Fund has approved a range of investment changes, including up to £300m in emerging market debt and £30m in core UK infrastructure.
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OpinionData crunch: The LGPS and cost efficiency
In 2015 the chancellor announced proposals to pool the assets of the 89 Local Government Pension Scheme funds across England and Wales into at least six “British Wealth Funds”, each with a minimum size of £25bn.
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News
Nilgosc to allow lump sum contributions
The Northern Ireland Local Government Officers Superannuation Committee plans to ask for upfront deficit contributions for this year’s LGPS valuation from its employer members as the public sector in Northern Ireland shrinks.
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OpinionLive from the PLSA local authority conference 2016
Everything changes and nothing stands still. This could not be more true than for the Local Government Pension Scheme.
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OpinionPools must not leak
Editorial: Asset pooling makes sense, but getting it to work can be a headache – that was the general consensus among Local Government Pension Scheme representatives at our LGPS Leadership Briefing this week.
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NewsLGPS calls for details of government intervention
Local government pension experts have called on the government to give more details regarding controversial plans to introduce intervention powers for the secretary of state over investment decisions.
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NewsIn-house management and infrastructure dominate LGPS pooling debate
As the pooling of the Local Government Pension Scheme progresses, some funds have warned of the risks of in-house management and questioned whether infrastructure investment is necessarily a good bet.
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OpinionDiscount rates and denial: Will local authorities soon see pension costs rise?
The last couple of Budgets have focused on freedom and choice, but March brought a little surprise for the public sector, and it is one it would probably have preferred to do without.
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News
Union seeks parliamentary debate on LGPS pooling
A parliamentary petition launched by public service trade union Unison, seeking debate on the pooling of Local Government Pension Scheme assets, has attracted nearly 30,000 signatures and could spell delays to progress in the pooling project.
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News
50-50 take up remains low, but tax changes could spur interest
Take up of a 50-50 option for members of local government pension scheme funds – which allows halving overall contributions – remains low but could rise with changes to pension tax next year.