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ACCESS pool gains FCA regulatory approval

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  • by Editor
  • in 151 News · LGPS
  • — 29 Aug, 2018

The Financial Conduct Authority has given regulatory approval to the ACCESS LGPS pool’s authorised contractual scheme and its first sub-fund.

The pool will now progress with the launch of its first global equity sub-fund, pencilled in for October.

The fund is expected to attract £1.6bn from three of the member funds, resulting in savings of £1.5m per year, according to a statement from the fund. More sub-funds are planned for launch in early 2019.

The pool’s ACS will be run on its behalf by Link Fund Solutions, which was appointed as operator in March.

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