PLSA sounds warning of 'unnecessary risks' to LGPS pooling proposals

Trade body says it supports proposals but warns against specific March 2025 deadline

Martin Richmond
clock • 3 min read
Tsang: It is entirely sensible to explore whether new policy intervention might result in further gains
Image:

Tsang: It is entirely sensible to explore whether new policy intervention might result in further gains

The Pensions and Lifetime Savings Association (PLSA) has expressed its support for proposals to transition the assets of the Local Government Pension Scheme (LGPS) into pools but warned of “unnecessary risks” if the proposals are rushed.

In its response to the Department for Levelling Up, Housing and Communities' (DLUHC's) consultation on LGPS asset pooling and investment - which closed yesterday (2 October) - the PLSA noted LGPS p...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Pension Pooling

Jeremy Hunt has announced several measures to boost pension consolidation in today's Autumn Statement (image source: HM Treasury)

Updated: Autumn Statement 23 - LGPS funds to be in £200bn pools by 2040

Chancellor announces measures to consolidate pensions following Mansion House reforms

Jasmine Urquhart
clock 23 November 2023 • 5 min read
WPP's annual report details governance, fund performance and risk management

Wales LGPS pool publishes annual report

WPP updates on stewardship, governance and risk management in latest report

Jasmine Urquhart
clock 06 November 2023 • 3 min read
Trustpilot