LGPS
Swansea pension fund switches £500m to low-carbon strategy
The City and County of Swansea Local Government Pension Scheme (LGPS) will swap around a quarter of its assets to a low-carbon fund by the end of the month, it has announced.
Taking stewardship seriously
There is mounting pressure on schemes to engage more actively with firms in which they invest. Charlotte Moore takes a look at the different approaches being used.
Government denied permission to appeal £4bn per year discrimination ruling
The government must find an additional £4bn of annual funding for public service pensions after it was denied leave to appeal a case concerning age discrimination.
West Yorkshire selects Linedata Optima to drive digital transformation
The West Yorkshire Pension Fund (WYPF) has extended its 16-year partnership with Linedata, selecting the firm to lead its digital and back-office transformation programme.
Merseyside scheme commits £30m to Funding Circle economic impact fund
The £9bn Merseyside Pension Fund (MPF) has pledged £30m of scheme assets to a private direct lending fund designed to support small businesses and the UK economy.
Hymans Robertson calls for clarification over impact of CMA order on LGPS funds
Local Government Pension Scheme (LGPS) funds must set investment objectives after the competition watchdog expanded those caught by its market investigation, but more clarity is needed, Hymans Robertson has said.
Northern LGPS appoints chairman
Northern LGPS has appointed Councillor Gerald Cooney as chairman, replacing Paul Doughty who has held the role on an interim basis since January.
GAD: LGPS employers should not feel 'queasy' about contribution increases
There will be "ups and downs" for employers in the Local Government Pension Scheme (LGPS) as it carries out its 2019 valuation against the backdrop of the cost cap suspension and the McCloud judgment.
LGPS advisory board threatens to name and shame levy dodgers
Local Government Pension Scheme (LGPS) administering authorities which fail to pay their levy to the Scheme Advisory Board (SAB) will see their names published online, they have been warned.
Extinction Rebellion crashes PLSA conference as minister defends LGPS fund autonomy
Climate activists from Extinction Rebellion have interrupted the Pensions and Lifetime Savings Association's (PLSA) local authority conference as a minister rejected calls for intervention.
PLSA calls for more clarity on LGPS cost cap and fair deal policies
The government needs to urgently provide clarity, substance and timing on key changes to the Local Government Pension Scheme (LGPS), the Pensions and Lifetime Savings Association (PLSA) has said.
What does responsible investment in the LGPS look like?
Unison and ShareAction have analysed the new investment strategy statements across the £280bn scheme. Colin Meech says some funds have done nothing to produce ESG policies.
PLSA policy board sets inaugural priorities; addresses consolidation challenges
The Pensions and Lifetime Savings Association's (PLSA) policy board has agreed a four-year plan focusing on consolidation, adequate contributions, effective management and well-run schemes.
Standing firm in these unprecedented times
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
West Midlands Pension Fund leads £1bn global sustainable equity mandate
West Midlands Pension Fund (WMPF) is leading a £1bn allocation to a global sustainable equity mandate, designed to invest in companies which demonstrate a forward-thinking approach to long-term sustainable business.
Aon launches LGPS administration guide; says understanding challenges is vital
The Local Government Pension Scheme (LGPS) must raise the profile and awareness of its "vital" administration function, Aon has said as it launches guidance.
Innovation in LGPS funding
Stephanie Baxter says some local councils' attempts to find new ways to make savings are welcome but must have strong safeguards
Merseyside and Tyne & Wear schemes join Hearthstone private equity housing fund
The Merseyside and Tyne & Wear pension funds have joined as limited partners in the final investment round of Hearthstone Investment Management's ten-year closed-ended private equity fund.
Northern LGPS pool commits to zero-emission assets by 2050
The Northern local government pension scheme (LGPS) pool has pledged to completely decarbonise its investments by 2050 in line with the 2015 Paris agreement.
LGPS Central appoints emerging markets managers
LGPS Central has selected three external managers for its emerging markets equity multi-manager fund.
Merseyside selects SSGA for £400m smart sustainability investment
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
Five stories you may have missed this week
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
How schemes can protect against equity losses
Derivative-based overlay strategies have become more popular in the past year. Stephanie Baxter explores whether they will be widely adopted by pension funds
New legal services procurement framework launched for LGPS
The local government pension scheme (LGPS) frameworks have launched their latest procurement framework for legal services.
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