More LGPS news – Page 4
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NewsLGPS in surplus as assets hit record £400bn
Local authority pension funds across England and Wales had an aggregate funding level of 106% at the end of March 2024, according to Isio.
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NewsACCESS seeking to appoint two private equity allocators
ACCESS, which consists of assets totalling c.£35 billion on behalf of participating pension funds, is seeking to appoint two private equity allocators.
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NewsStrathclyde to switch £4bn into low-carbon indices
The Strathclyde Pension Fund has begun moving approximately £4bn into low-carbon equity index strategies as part of an overhaul of its investment strategy.
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NewsLGPS Central backs M&G real estate debt fund with £200m
The Midlands-based local authority asset pool has contributed to a £350m fundraise.
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NewsLPFA ahead of emissions reduction target
The £7.7bn London Pensions Fund Authority has succeeded in reducing emissions from listed equity investments by 75% compared to 2019.
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NewsWhat the Budget means for the LGPS
Local authorities have been given some key duties in chancellor Jeremy Hunt’s Budget speech.
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NewsLGPS system funding improves through January
Isio data show that the local government system is continuing to improve its funded status – posing questions for individual funds on de-risking.
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NewsLGPS funds making further progress on climate goals
West Yorkshire, Tyne & Wear and GLIL have all taken active steps to improve their climate and sustainability credentials in recent months.
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NewsAvon Pension Fund brings forward its carbon net zero target by five years
The £5.4 billion fund provides pensions for 140,000 people.
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NewsHow schemes are holding companies to account on climate change
Border to Coast Pensions Partnership recently exercised its voting rights during the 2023 AGM season to express concern at firms’ approach to managing climate change risks.
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NewsLGPS schemes warn the government not to meddle with their investments
Introducing target allocations will create unintended consequences, LGPS schemes warn
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NewsIndustry warns against government intervention in LGPS investments
Government plans to redirect LGPS assets into private equity – while the industry warns against political interventions in investment strategy
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NewsIndustry responds to LGPS consultation
Consultation responses express concerns about timeframe, the illusion of pooling, and the importance of investment independence
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NewsLGPS: Two schemes commit to Cheyne Capital's impact real estate strategy
The Greater Manchester Pension Fund and South Yorkshire Pensions Authority have joined the London Borough of Newham as the latest Local Government Pension Schemes (LGPS) to sign up to Cheyne Capital’s Impact Real Estate strategy.
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NewsLGPS pooling: Consultation will run for 11 weeks
Views on investment 'barriers' are being sought to accelerate to the consolidation of Local Government Pension Scheme (LGPS) assets, the Chancellor has announced.
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NewsWales Pension Partnership launches a global ESG sub fund
WPP, the pooling entity for the eight Welsh LGPS Funds, said the fund enhances the choice available to authorities and helps fulfil their sustainable investment objectives.
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NewsLocal Government Pension Scheme: PLSA launches resources to help employers
TheBest Practice: A Guide for Employers Participating in the LGPS, has been launched to coincide with the PLSA’s annual Local Authority Conference, which is being held in Gloucestershire.
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NewsYet more consultation required to put in place the McCloud remedy
The government is to further consult on supplementary matters and scheme regulations concerning the McCloud remedy in the Local Government Pension Scheme (LGPS).
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsBudget 2023: LGPS must move faster on asset consolidation
The government is challenging Local Government Pension Scheme funds in England and Wales to move further and faster on consolidating assets, chancellor Jeremy Hunt announced in the spring Budget on March 15.