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.
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.
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.