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LGPS eyes £1bn UK scale-up fund

A group of Local Government Pension Scheme (LGPS) pools is to explore the establishment of a £1bn fund to help scale up UK businesses.

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The initiative would see LGPS Central, Border to Coast Pensions Partnership and Local Pensions Partnership Investments (LPPI), alongside Railpen and Nest, work with the British Business Bank

Mandy Kaur-Sadler, the recently appointed independent person to the West Midlands Pension Fund and Worcestershire Pension Fund, shares her expectations for the new statutory oversight role.

(Mandy Kaur-Sadler, the independent person to the West Midlands Pension Fund and Worcestershire Pension Fund)