LGPS funds urged to speed up pace of ESG reforms
As climate change protestors take over central London, a report has accused local government pension schemes of dragging their feet in divesting from oil, gas and fuel investments. Chris Smith[…]
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Graeme Muir: exciting times for actuaries predicted
Pensions are supposed to be boring – public sector pensions even more so. Actuaries are only supposed to get excited very occasionally and when they do, it’s often hard to[…]
Iain Campbell: The challenge of measuring carbon emissions
Responsible Investing (RI) is an increasingly prominent area for the LGPS. Pressure has been gradually mounting on funds, including numerous Freedom of Information requests and lobbying outside offices. The RI[…]
LGPS governance consultation moots s151 responsibilities split
Local authorities could be required to remove pension fund responsibilities from section 151 officers under forthcoming LGPS governance reforms. The suggestion is among a raft of measures mooted within four[…]
LGPS Q&A: London CIV’s Mike O’Donnell
The London Collective Investment Vehicle’s new chief executive talks to Peter Findlay about managing relationships with local authorities, the challenge to government guidance and making a success of the LCIV.[…]
Neil Mason: Football and pension funds – the need to identify core principles
I remember that fateful day back in 1981, when my Granddad suggested that I might want to go to watch my local football team. I was nine, bright eyed and[…]
Jackie Bowie: should you be hedging your currency risk?
The main objective when it comes to hedging currency risk is to protect against adverse movements in currencies impacting the overall performance of the fund. As an example, when GBP/USD[…]
Neo-Chartalists or Neo-Charlatans? A dive into modern monetary theory
Sponsored article: A small revolution is brewing in the world of macroeconomics. It’s an idea that counts a Democratic socialist presidential candidate and a hedge fund manager among its adherents.[…]
Government consultation and draft guidance on LGPS pooling
Michael Hayles, partner, and Ellie Alveyn of Burges Salmon examine the recent concerns some pools have raised about MHCLG’s draft guidance to LGPS administering authorities. In January 2019, the Ministry[…]
Exit cap proposals “threaten LGPS pension entitlements”
Proposals by the government to include pension entitlements in a proposed cap of £95,000 on exit payments to local authority employees are in conflict with Local Government Pension Scheme regulations,[…]
