Edmund Truell: how we will create centres of investment excellence within the LGPS
In his position as chairman of the Strategic Investment Advisory Board, Edmund Truell has been at the heart of Local Government Pension Scheme reforms. Here he discusses what the LGPS will look like in the future.
As local government pension funds progress with pooling plans there is no better time to discuss what the future LGPS will look like.
The London Mayor's pensions adviser Edmund Truell will join Pensions and Benefits UK on 28-29 June to share exclusive insights into how the LGPS is dealing with a time of great change. What are the changes designed to achieve? What are the key challenges and why is there such a focus on investment in illiquid assets such as infrastructure?
Outlining his ambitious plans Truell said: "Over the next two years I would expect not only the local authorities but also other public sector schemes to get together. We will create centres of excellence for pension fund asset and liability management as well as centres of excellence for investing in illiquid assets such as infrastructure."
Truell also discusses the challenges of the changes - in particular how professional management teams will be created to run LGPS pools.
He says there will also be "significant challenges" as a result of what he sees are inevitable job losses along the way - noting that fewer in-house managers will be needed going forward.
He also believes there will be challenges for asset management firms, consultants and administrators - who need to consider how they position themselves going forward and may face significant change.
Pensions & Benefits UK is a two day conference held at the Queen Elizabeth II Conference Centre on 28-29 June.
Want to hear more? Edmund Truell will discuss these and other issues in depth at PBUK. To join him book your place here.
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