Scottish LGPS collaborative investment model expands
0Fife Council Pension Fund has joined the investment collaboration model established by Lothian Pension Fund and Falkirk Council Pension Fund.
The collaborative investment model, accompanied by a joint investment strategy panel, has been in operation since 2017.
Committees of the individual pension funds agree their own investment strategy and then delegate implementation of the strategy, including investment manager selection, to officers.
A statement on behalf of the councils said: “The collaboration model is expected to provide the Funds with meaningful synergies around operating their respective investment programmes. So far for Lothian and Falkirk, this has taken the form of cost savings and benefits of scale investing through collaborative private market investments in infrastructure and private debt.
“Further benefits are expected to be released over time.”
In July, the Scottish Local Government Pension Scheme launched a consultation on the future shape of LGPS funds north of the border, which is considering pooling, a full merger, informal cooperation or retaining the status quo.
