More LGPS news – Page 4
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NewsBorder to Coast to vote against BP over weakened climate targets
The LGPS pool plans to vote against the re-election of several board members at the oil giant’s forthcoming annual general meeting.
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People NewsWest Yorkshire appoints Dewey as chief investment officer
West Yorkshire Pension Fund has appointed John Dewey as chief investment officer for the £20bn local authority pension scheme.
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NewsPLSA calls for ‘evidence-led’ approach to LGPS pooling overhaul
The pensions industry trade body has urged the government to put members at the centre of pooling reforms and to ensure a review process that is “transparent, fair, evidence-led and fully costed”.
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NewsMegafunds ball back in government’s court as LGPS pools approved
Six LGPS pools have been approved by the government following its ‘Fit for the future’ consultation, with final feedback awaited in its formal consultation response.
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NewsGovernment rejects pooling plans for ACCESS and Brunel
Two LGPS pools could be forced to merge with others after the government this week rejected their plans to comply with the chancellor’s “megafunds” objective.
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NewsLPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
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NewsLGPS and MPs’ pension funds invest in social infrastructure vehicle
The two pension schemes have contributed to an initial £100m capital raise for the Newcore Social Infrastructure Income Fund.
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NewsACCESS awards more private markets mandates
European and US mandates have been awarded to Arcmont Asset Management and Golub Capital, respectively.
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NewsGovernment to consult on changes to LGPS contribution rules
The Ministry for Housing, Communities and Local Government is expected to review rules around changes to contribution rates in the wake of a controversial decision by one LGPS fund.
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NewsACCESS pool awards multi-billion private equity mandates
The ACCESS LGPS pool has appointed Adams Street and HarbourVest to run a private equity mandate that could reach between £8bn and £12bn in size over the next few years.
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VideosInvesting locally: The case for residential housing and venture capital
Harry Raikes, private equity investment director at Schroders Capital, and Border to Coast’s John Harrison look back on two roundtable discussions with Local Government Pension Scheme leaders.
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NewsGovernment urged to rethink LGPS contribution rules
Kensington and Chelsea’s move to a 0% contribution rate for 2025-26 should spark a rethink of contribution rules and guidance, says LCP.
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NewsKensington and Chelsea aims to cut employer contributions to zero
The local authority pension fund’s investment committee has defied actuarial advice to vote through the change – and could face backlash from central government, members and the regulator.
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NewsLGPS funds mulling divestment from Israel-related assets
Funds within the Local Government Pension Scheme are considering their investments linked to Israel amid divestment campaigns.
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NewsLGPS chief urges councils to preserve pension resources
The chair of the Local Government Pension Scheme’s advisory board has urged local councils not to cut the budgets of their pension teams as officials come under pressure to cut costs.
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NewsLGPS pools back £510m affordable housing fund
The London CIV and ACCESS pools have invested in a new round of fundraising for an affordable housing strategy run by Legal & General.
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NewsNottinghamshire reviews local property investment portfolio
The £7.3bn local authority pension fund is to review a local property portfolio in light of underperformance and a lack of scale.
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NewsLondon CIV appoints former Tesco investment boss as CIO
The capital’s LGPS pool has appointed a new chief investment officer – the fifth person to hold the position in eight years.
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NewsFCA authorisation for pools ‘costly and time-consuming’, says LGPS board
The LGPS Scheme Advisory Board joins consultants and policy experts in querying the government’s proposals for reforming the Local Government Pension Scheme.
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NewsLGPS Central takes on £11bn in passive mandates
LGPS Central now runs more than £43bn on behalf of its partner funds, as the government seeks to accelerate pooling and expand the services offered by the pools.