All Local Government Pension Scheme (LGPS) articles – Page 5
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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.
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NewsLGPS climate reporting rules delayed
‘The absence of a reporting regime only adds to the already considerable pressure placed on funds from lobby groups,’ says SAB
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NewsLGPS funds allocate £455m to Osmosis’s core equity strategy
Osmosis will build the strategies, while UBS Asset Management will act as investment manager, under the current LGPS Framework for Passive Investment Management Services
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NewsUK Treasury urges investors to be more positive about taking risks
West Midlands Pension Fund: UK government’s proposals lack of clarity and consistency
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NewsPLSA supports UK growth investing, but with focus on best outcomes for savers
TPR calls on trustees to focus on protecting savers
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NewsPLSA pinpoints UK investment potential for pension funds
The association expects the scale and distribution of assets across the pensions sector to alter substantially over the next decade
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NewsUK government seeks further views on LGPS changes
The final regulations are expected to come into force on 1 October 2023
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NewsOverall LGPS funding level up to 107%, says report
Improved funding positions have meant that schemes have been able to reduce the level of contribution rates
