In a paper on the £178bn Local Government Pension Scheme (LGPS) Michael Johnson claims the fund is leaking £1bn a year through inefficiency and poor governance. Here are nine proposals to fix things.
1) The LGPS's 89 disparate funds should be restructured as a single fund, the Local Government Investment Fund (LGIF). 2) The LGIF should comprise of four competing asset allocators. Each would ...
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