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ACCESS pool assets hit £50bn amid push to become FCA regulated

(FCA)

The Local Government Pension Scheme (LGPS) pool ACCESS has announced that its assets have reached £50bn, bringing its pooling progress to over 75%, amid government pressure to become FCA-regulated.

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According to the pool, which comprises of eleven LGPS administering authorities, its listed assets have reached £30bn, while its passive and alternative mandates stand

Strong US equity market performance has been a key driver of LGPS investment returns in recent years, but LGPS investors are now considering if it is time to broaden their stock selection.