What's New?
The Ministry of Housing, Communities and Local Government (MHCLG) recently issued a consultation on proposals to amend the Local Government Pension Scheme (LGPS). Barry Mckay looks at the potential implications.[…]
Local Government Pension Scheme (LGPS) funds have unexpectedly been included in new Competition and Markets Authority (CMA) requirements covering relationships with external fund managers and investment consultants. The CMA has[…]
LGPS pool London Collective Investment Vehicle (LCIV) has appointed Mark Thompson as its new chief investment officer (CIO). Thompson joins from HSBC Bank’s UK pension scheme, where he has been[…]
A major equity fund suspended trading on Monday after Kent Pension Fund decided to withdraw its £263m investment. Kent’s superannuation fund committee voted on Friday morning to withdraw from the[…]
Local Government Pension Scheme (LGPS) funds are likely to face an increase in their liabilities of up to 1% if the government loses a court case on its 2015 pension[…]
Local Government Pension Scheme investments in equities dropped by 3.2% in 2017/18 as overall assets rose by 5% compared to the previous year to £275bn, according to the Scheme Advisory[…]
Extinction Rebellion protesters this week derailed a speech by local government minister Rishi Sunak to demand he gives council pension funds greater powers to disinvest from fossil fuel companies. Evading[…]
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[…]
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[…]
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[…]
