Photo (cropped): Duncan C/Flickr, CC0Covid-19 has had a devastating effect on people and markets. John Harrison offers a way forward for LGPS through asset allocation, income, performance and governance.
The global Covid-19 pandemic has been devastating. The continuing human cost in lives lost is horrific and the economic cost of sudden and widespread lockdowns to limit the spread of the virus may take years to correct. The very foundations of modern society have been shaken, with perhaps profound implications for the future. It is a future that is even more uncertain than usual and one that poses challenges for LGPS investment committees as they meet on Zoom.
The immediate impact of Covid-19 on funding positions will clearly have been negative. Equity mar
...Expectations of performance in governance and administration have risen significantly for the LGPS in the last five years and funds are working hard to drive the improvements needed to meet these expectations.
Infrastructure works on a different time frame to much of the rest of the economy. Where others are planning for the next quarter or financial year, our industry is operating in decades and planning for generations ahead.
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