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Is bigger always better? LGPS funds consider the limits of scale

For the best part of the past decade, three core beliefs underpinned UK policy making around pensions: funds should consolidate to improve professionalism, which in turn would lead to more in-house investment management which, by extension, would mean greater investments in UK productive assets.

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These premises were at the heart of initial LGPS Pooling reforms first introduced by George Osborne more than a decade ago, but they also

LGPS investors setting out their place-based investent strategy should seek to broaden their horizon, argue Beverley Gower-Jones, founder and managing partner, and Lauren Juliff, head of Investor Relations and Sustainability at the Clean Growth Fund