LGPS

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

Official figures reveal the local government pension scheme (LGPS) had a positive year amid good investment performance but has not addressed the burden of past deficits.

Pooling local government pensions schemes into six wealth funds will not necessarily boost infrastructure investing. Charlotte Moore looks at the issues that need to be dealt with.

Investment management fees paid by local government pension scheme (LGPS) funds last year ranged from two basis points (bps) all the way up to 86 bps, official figures show.

Greater Manchester Pension Fund (GMPF) and the London Pensions Fund Authority (LPFA) have invested £60m in a UK renewable energy project.

The chief executive of Royal Mail Pension Trustees has urged pension funds to work together more and called for smaller schemes to appoint joint chief investment officers (CIOs).

Strathclyde Pension Fund has made its biggest ever investment in UK green infrastructure by putting £50m into offshore wind farms via the government-backed Green Investment Bank (GIB).

Mike Webb has been hired as an associate by City Noble to develop the firm's defined contribution (DC) advisory offering.

Michael O'Higgins has been appointed chairman of the £10bn asset and liability management (ALM) partnership between Lancashire County Pension Fund (LCPF) and London Pensions Fund Authority (LPFA).

The chancellor's shock announcement that local government pensions will be pooled into regional funds to boost UK infrastructure means yet more upheaval for the scheme, finds Stephanie Baxter