David VickersWhen the government debt caused by the pandemic is eventually tackled there may be a huge impact on assets of all classes, according to a leading investment expert in the Local Government Pension Scheme (LGPS).
Speaking as part of the Room151 LGPS Winter 2021 webinar , David Vickers, chief investment officer at Brunel Pension Partnership, issued a warning about central banks turning their attention to their bond buying programmes.
“The significant question, I guess, to ask of the implications of this debt, is how the central banks extract themselves.”
He added: “We do have to think very carefully about governments and central banks and their actions and, quite frankly, their credibility.
“Because the w
...The chancellor delivered the budget this week giving councils the opportunity to bid for funds but offering no resolution to long-term issues such as business rates retention, adult and children’s social care and fair funding.
The government’s consultation on LGPS, Catherine McFadyen argues, closes with a decision which avoids forcing members to make choices that could be “financially disadvantageous”. But there is still much work ahead for funds.
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