London LGPS pension merger ruled out until 2016

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A merger of 34 London borough pension funds into a multi-billion pound superfund is unlikely to happen until 2016 at the earliest, the head of London's largest scheme says.

London Pensions Fund Authority chief executive Mike Taylor said reforms to the Local Government Pension Scheme – taking effect in 2014 – would mean a merger of all LGPS funds in London would be del...

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