LGPS
Five stories you may have missed this week
This week’s top stories included news that Pension Schemes Bill powers given to The Pensions Regulator to issue contribution notices will not be backdated, while the Department for Work and Pensions said it will ban flat-fee charging on auto-enrolment...
LGPS to become negative cashflow 'by 2024'
Local Government Pension Scheme (LGPS) funds are being urged to prioritise cashflow management as investors are challenged to find income in traditional fixed income and property markets.
Essex seeks direct corporate lending manager
Essex Pension Fund is looking to appoint an investment manager for a direct corporate lending mandate of approximately £200m to £250m.
13 LGPS funds seek shared actuarial, admin and governance provider; Maps looks for independent evaluator
Norfolk County Council has issued a tender notice for a multi-provide framework agreement for the provision of actuarial services, governance, and administration support and consultancy services.
GLIL raises £500m from LGPS pools to fund UK infrastructure investments
GLIL Infrastructure has raised £500m from two Local Government Pension Scheme (LGPS) pools to fund UK infrastructure investments.
LGPS Central launches global active EM bond fund
A £630m global active emerging market bond fund has been created by LGPS Central with initial investments from four pension funds.
LGPS Central appoints multi-asset credit fund managers; Border to Coast invests £40m in energy plant
LGPS Central has selected BMO Asset Management and Western Asset Management Company as external co-managers for its multi-asset credit fund.
GMPF invests £10m to tackle local homelessness
The Greater Manchester Pension Fund (GMPF) has invested £10m in a social impact fund launched by Resonance to tackle homelessness.
LGPS-backed infrastructure fund invests in East Coast Main Line Fleet
GLIL Infrastructure has agreed to acquire a 30% equity stake Agility Trains East (ATE) for a rolling stock fleet of 65 new UK intercity trains from Tokyo-headquartered Hitachi Rail.
McCloud final rules could be delayed; LGPS told to collect data now
The final McCloud rules for the Local Government Pension Scheme (LGPS) in England and Wales could delayed due to other regulatory priorities but funds are being urged to start collecting the necessary data.
Northern Ireland proposes McCloud remedy changes for LGPS
The Department for Communities in Northern Ireland has proposed rules to remedy historic age discrimination for its Local Government Pension Scheme (LGPS) following the widespread McCloud reform.
Wales Pension Partnership launches five fixed income funds
The Wales Pension Partnership (WPP) has opened a series of fixed income funds for its eight constituent authorities, all of which will be investing.
The long-term horizon for the LGPS
Local authority funds must use lessons from the past to continue delivering into the future, says James Stoddart
Northern LGPS to invest 100% of assets in line with Paris Agreement
Northern LGPS will partner with ethical pensions campaign Make My Money Matter (MMMM) as part of wider plans to invest all assets in line with the Paris Agreement on climate change.
Brunel opens global small cap equities fund
Brunel Pension Partnership has launched a £300m multi-manager sub-fund focused on global small cap equities.
London Borough of Hammersmith and Fulham to transfer pensions administration services following review
The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.
Brunel and Border to Coast appoint managers for specialist sub-funds
Brunel Pension Partnership has appointed four asset managers to run a £1.2bn sub-fund, while Border to Coast Pensions Partnership has appointed two specialist China managers.
Border to Coast secures £1bn of private equity commitments
Border to Coast Pensions Partnership has completed £500m of private equity investments with another £485m of commitments made by its partner funds.
Border to Coast names four managers for £2.7bn multi-asset fund
Four managers have been appointed to run the multi-asset credit (MAC) fund of the Border to Coast Pensions Partnership.
Lothian divests funding from non-Paris aligned companies
The Lothian Pension Fund has pledged to no longer supply funding through new bond or equity investments to companies not aligned with the Paris Agreement.
LPP invests £150m in private rental sector
The Local Pensions Partnership (LPP) has invested £150m in private rental housing, joining a consortium of investors who have so far committed to £1.2bn for the build to rent platform.
LGPS funds report satisfactory knowledge in national assessment
Understanding of topics that have traditionally been the focus of Local Government Pension Schemes (LGPS) fund committees is high, Hymans Robertson has found.
Lothian, Falkirk and Fife appoint three to joint investment strategy panel
The Local Government Pension Scheme (LGPS) funds of Lothian, Falkirk and Fife have appointed three independent advisers to their joint investment strategy panel (JISP).
Border to Coast announces £1.4bn infrastructure investments
Border to Coast Pensions Partnership has announced £1.4bn of infrastructure investments in a drive to build a diversified global portfolio.
