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Isle of Wight in limbo as Pension Committee rejects pooling decision

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The £810m Isle of Wight Pension Fund has been left in limbo after its Pension Committee voted against its initial pooling decision, preventing the fund from selecting a preferred pooling partner ahead of the government’s September deadline.

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The fund is facing continued uncertainty over its new host pool after the Committee’s September meeting failed to agree on a way forward. According

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)