The government suffered a major High Court defeat after guidance forcing the LGPS to invest in line with UK foreign policy was deemed unlawful. Stephanie Baxter finds it could have far-reaching consequences.
EU rules downgrading local authority funds to retail investors is throwing up complications for pooling and infrastructure investment. The FCA must ensure pools are part of the solution, writes Stephanie Baxter
LGPS funds will be reclassified as retail investors, which could lead to a major asset sell-off, increase costs, and restrict what they can invest in, finds Stephanie Baxter