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West Midlands Pension Fund commits £1.1bn to local investment

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West Midlands Pension Fund is to allocate £1.1bn for local investment over the next six to eight years.

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Pensions Committee chair Milkinder Jaspal gave assurance that every investment within the West Midlands would be assessed “against the same rigorous criteria for risk,

An increase in assets and improving funding levels paint a positive picture for the LGPS, but changes to contribution rates, valuation assumptions and costs reveal a more complex financial outlook.