The infrastructure investment fund set up by Greater Manchester Pension Fund and the London Pension Fund Authority has expanded to include the funds that make up the proposed Northern Pool of LGPS...
Council pension funds can do more to help promote ethical behaviour in the companies they invest in, which would benefit members as well as local residents.
CIPFA and Aon Hewitt have issued guidance on investment pooling governance arrangements for the authorities administering the Local Government Pension Scheme in England and Wales.
CIPFA is to launch guidance on the governance principles for local government pension scheme asset pools following the submission of formal collaboration plans to government.
Employers joining the Local Government Pension Scheme (LGPS) may underestimate the obligations involved, the Pensions and Lifetime Savings Association (PLSA) has warned.
The chair of a major LGPS asset pool has said there will need to be a “mindset change” across the sector as part of a government drive to spread the practice.
Unison has called for changes in the law to ensure the independence of local authority pension funds to take investment decisions in the best interest of their members.
A pensions investment initiative, which includes two council schemes, has set out its first £125m funding plan as part of a drive to boost infrastructure investment.
Lancashire County Pension Fund and the London Pensions Fund Authority have confirmed discussions with other local government pension schemes to join their asset pool as it was approved by financial...
The government will need to make a formal response to a petition calling for a parliamentary debate on plans to merge council pension scheme assets, after it reached 10,000 signatures.
Employers in the Local Government Pension Scheme could face a cumulative £1bn increase in contributions from next year as a result of a valuation process that began last week, an analysis by...
Plans for a £33bn asset pool across 11 local government pension schemes have been formally launched following last month’s submission of an outline plan to government.
Local authority pension schemes will today submit plans to government to pool their assets into so-called British Wealth Funds, with seven proposals now set to be submitted for approval.
A working group of 24 local authorities has called for the creation of a national infrastructure investment platform for council pension schemes as part of government reforms to the sector.
Information has begun to emerge on how LGPS assets might be pooled into British wealth funds to boost infrastructure investment ahead of the deadline for submissions.
The Local Government Association has acknowledged that deficits in the Local Government Pension Scheme are “challenging” for councils and has pledged to work with funds to introduce asset pooling in...
Eight local government pension schemes across the Midlands have developed a plan to pool their assets into a £35bn single investment fund as part of government-backed reforms to the sector.
The Local Government Pension Scheme risks running out of money to meet pension entitlements despite reforms intended to approve affordability, a report has warned.
CIPFA has sounded a note of caution over government plans to establish six “British Wealth Funds” by encouraging Local Government Pension Scheme funds to pool their assets and increase...
The Local Government Pension Scheme spent a total of £12.1bn in 2014/15 against income of £15.2bn and management costs appear to have risen significantly, government figures revealed.
Moves to create six British Wealth Funds from local government pension fund assets is an opportunity to improve governance across the sector, a senior figure told a CIPFA event at the Conservative...
The assets of the 89 local government pension funds in England and Wales are to be pooled into six new British Wealth Funds as parts of efforts to overhaul infrastructure financing, Chancellor George...
Pensions expert Michael Johnson has called on public sector pension schemes to “get on the front foot” and develop further reforms in the face of a “cashflow crisis”.
The summer Budget heralded the beginning of a new round of reform for the Local Government Pension Scheme. Funds are now working together in an effort to become masters of their own destiny
