LGPS
Five news stories you may have missed this week
This week’s top stories included more details of PensionBee’s initial public offering and Just Group’s criticism of the effects of freezing the money purchase annual allowance.
Essex and Merton appoint Hymans Robertson
The Local Government Pension Scheme (LGPS) funds of Essex and the London Borough of Merton have appointed Hymans Robertson for investment consultancy services.
Tender Watch: Border to Coast names partner for property fund launch; Aon appointed by London Borough of Southwark Pension Fund
Professional Pensions rounds up some of the latest tender awards from across the industry.
Tender Watch: Access appoints Minerva for RI review; National LGPS Frameworks launches global custody solution
Professional Pensions rounds up some of the latest tender news from across the industry.
Border to Coast makes £540m investment in infrastructure
Border to Coast Pensions Partnership has invested a further £540m in infrastructure as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
Tender watch: Enfield appoints Aon for investment consultancy
Professional Pensions rounds up some of the latest tender awards from across the industry.
Border to Coast invests a further £370m in private equity
Border to Coast Pension Partnership has invested a further £370m in private equity, as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
Tender Watch: Premier Pensions appointed to Prince's Trust scheme
Professional Pensions rounds up some of the latest tender awards from across the industry.
Access adds £5.5bn of pooled assets with seven sub-fund launches
Access has onboarded another £5.5bn of Local Government Pension Scheme (LGPS) funds after launching seven sub-funds with Link Fund (LF) Solutions.
Dyfed cuts equity carbon footprint by 16%
The £2.7bn Dyfed Pension Fund will move 15% of its assets into low-carbon equity portfolios in a move to reduce its carbon footprint by screening out fossil fuel and thermal coal exposure.
Aberdeen transport fund completes £230m LGPS buy-in with Rothesay
The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.
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
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