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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,

Several Reform-led councils are in talks to depart from the LGPS stewardship body LAPFF, following moves by two LGPS funds earlier this summer to break ties with the network.