The Lancashire County Pension Fund Committee and the London Pensions Fund Authority Board (LPFA) have pooled combined assets of £10bn with the aim of saving at least £32m in costs.
The announcement today concludes talks that began in December to set up an asset liability management partnership to boost performance and cut costs, including on administration. The pension service...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.