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Lothian backs Scottish LGPS merger

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  • by Colin Marrs
  • in 151 News
  • — 27 Sep, 2018

Lothian Pension Fund – Scotland’s second largest LGPS fund – believes a full merger of all 11 funds would be the best way forward, according to a report on website IPE.com.

The fund has backed the option in its response to a consultation on the future shape of the scheme, launched by the Scottish LGPS Advisory Board in June.

According to IPE, Lothian’s pension committee chair Alasdair Rankin said: “We acknowledge that [a] merger is not a panacea and will involve significant change, particularly in relation to governance, which may not be palatable to some stakeholders and [a] merger to a single fund could be difficult.

“Therefore, [Lothian’s] preferred option would be to work with like-minded partners on a voluntary basis to develop a mutually beneficial merger solution.”

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