Covid-19 has thrown up key questions on adaptability, administration processes and new working methods for the LGPS. Ian Colvin takes a look at how funds have responded and the changes that lie ahead.
The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.
The £9bn Tyne & Wear Pension Fund and the £1.4bn Northumberland County Council Pension Fund are set to merge following a consultation by the government.
The Wales Pension Partnership (WPP) has appointed Robeco to run its voting and engagement services following a comprehensive procurement process.
Northern LGPS has opened a procurement framework for property investment managers, mirroring existing collaboration agreements with local authority funds.
Border to Coast Pensions Partnership has hired three people to its investment team and two to its research team following a series of new fund launches.
The £30bn Brunel Pension Partnership has hired CACEIS to provide cost transparency and benchmarking services across the partnership.
Border to Coast Pensions Partnership has launched its first fixed income product with a £2.5bn sterling investment-grade credit fund.
The Local Government Pension Scheme (LGPS) has gone live with a cost transparency compliance system and has on-boarded all UK schemes onto the platform.
A £1.2bn global investment-grade corporate bond fund has been launched by LGPS Central with four initial investors.
Members are increasingly seeking external adjudication on schemes’ approach to ESG issues. Stephen Richards outlines the steps trustees can take to prepare for this activism.
The £30bn Brunel Pension Partnership has called on asset managers to become more climate-aware or face removal from its portfolios.
The government’s ban on boycotts by public institutions may extend to the Local Government Pension Schemes (LGPS).
The £45bn Border to Coast Pensions Partnership has launched its largest fund to date, with £5bn of Local Government Pension Scheme (LGPS) assets being allocated to global equity alpha.
The Kent Pension Fund has reassured members that the closure of Woodford Investment Management will not affect its ability to pay benefits.
The £30bn Brunel Pension Partnership pool has selected Truvalue Labs to evaluate ESG and reputational risks across all of its asset managers.
Local authority schemes must work alongside other stakeholders, in the UK and abroad, to deliver meaningful action on ESG issues, says John Gray
Nick Greenwood – the former manager of the £2.2bn Berkshire Pension Fund – died earlier this month.
Insticube analysis reveals fewer than one in five institutional investors positive about asset managers
Just 18% of institutional investors feel positive about the service they receive from the asset managers, analysis from independent data platform Insticube finds.
The Local Government Pension Scheme Scheme Advisory Board (SAB) has chosen technology provider Byhiras to develop a platform to ensure that asset managers comply with its cost transparency code.
The various potential routes for the government to respond to the McCloud judgment will mean some members lose out, writes Moira Warner.
Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.
The changes likely to be required in public sector pension schemes following the McCloud judgement could have significant financial consequences for public sector outsourcing contractors, Aon says.
LGPS Central has launched an active, multi-manager emerging markets equity fund.