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Brunel and ACCESS told to merge with other pools

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Two Local Government Pension Scheme (LGPS) pools, ACCESS and Brunel, have been instructed by the government not to implement their transition plans—effectively requiring them to merge with another pool, Room151 understands.

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Pensions minister Torsten Bell and local government minister Jim McMahon have told two of the largest LGPS pools in the country, the ACCESS Pool

LGPS allocations to UK plc have been at the forefront of a growing debate with the government nudging the scheme to invest more in stocks at home.

(Left to right: James Beaumont, Piers Hillier and Mark Davies, credit: Mark Flynn)