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).
PP looks at what is in store for public sector schemes
London Pension Fund Authority (LPFA) chairman Edi Truell is to step down to take up a position advising London Mayor Boris Johnson on pensions.
The government has announced plans to work with the local government pension scheme (LGPS) to pool investments with the aim of significantly reducing costs.
The Lancashire County Pension Fund Committee and the London Pensions Fund Authority Board (LPFA) have pooled combined assets of £10bn with the aim of saving at least £32m in costs.
Pension funds around the globe are collaborating and cutting out the middleman, writes PP