All Local Government Pension Scheme (LGPS) articles – Page 5
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NewsGrant Thornton fined for below par audit of UK local authority pension fund
Failures included obtaining insufficient evidence that the value of investments was materially accurate
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NewsBrunel Pension Partnership to move away from ‘pure cost-savings focus’
The pool is making cost savings of £41m per year
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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NewsLGPS fully funded position to stay despite a drop
Funding levels fell to 101% as at 31 December 2023, from 108% as at 31 October 2023
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NewsPLSA to further develop recommendations aimed at driving UK growth
The association’s top strategic policy priority for 2024 will be to establish what role pension funds can play in supporting UK growth
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NewsIncreased funding levels raises ‘novel issues’ for funds, SAB says
Funding levels increased from 98% in 2019 to 107% in 2022
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NewsLocal Pensions Partnership Investments delivers £153.2m in savings since launch
The pool is on track to deliver £200m in savings by 2025
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NewsLGPS funds invest £150m in science and innovation businesses
Funding from South Yorkshire, West Yorkshire, Greater Manchester, Merseyside and East Riding pension funds
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NewsLGPS consultation did not deliver expected clarity, PLSA conference hears
‘The government wants us to accelerate and then collaborate and ultimately we then consolidate. That’s the message we’re getting,’ says PLSA local authority committee chair
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NewsProposals for LGPS funds to invest 10% of assets in private equity ‘unhelpful’
Proposals would ‘fundamentally disrupt the good work’ since 2015 to achieve a balance between administering authorities and pool operators, says SPP
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NewsPension industry warns of unintended consequences of LGPS pooling proposal
Isio suggests pools should be reformed before pooling mandate is enforced
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NewsLocal Government Pension Scheme funding level reaches 102%
LGPS funding levels improved from the 67% estimate as at 31 March 2022 triennial valuations
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NewsAverage total LGPS contribution rates fall to 21.1%
Report from LGPS Advisory Board also showed that LGPS funding levels improved from 98% to 107% in 2022
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NewsBorder to Coast doubles private markets climate focused investment
Border to Coast private portfolio includes £1.4bn of capital committed to investment in climate solutions
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NewsRegulatory burden and outsourcing weighs on LGPS staff
LGPS staff would like to see simpler and clearer regulation of the scheme
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NewsBorder to Coast on target to deliver £340m savings for partner funds
The pool claims so far to have saved its members an estimated £65m, but CEO Rachel Elwell says pooling is ‘more than delivering cost savings’
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NewsLGPS funds should retain autonomy over asset allocation, says pensions industry
External directives ‘may backfire’ and lead to ‘poorer outcomes’ for scheme members and sponsoring employees, says Hymans Robertson
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NewsChancellor reveals plans to boost pension investments in UK growth
Plus: DC pension schemes sign up to Mansion House Compact
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NewsLothian scheme commits to infrastructure with 13.4% allocation
The value of unquoted private equity, infrastructure, timber and secured loan investments at 31 March 2023 stood at £1.7bn
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NewsWPP launches new sustainable global active equity sub-fund
The new sub-fund has launched with £1.2bn, with all eight Welsh Funds participating, and will be managed by Russell Investments.
