The Local Pensions Partnership (LPP) has launched a £5bn global equity fund made up of the pooled holdings of its existing main clients, the Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA).
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.
William Bourne has been appointed joint independent local pension board chair by Lancashire County Pension Fund (LCPF) and London Pensions Fund Authority (LPFA).
The Greater Manchester Pension Fund (GMPF) and the London Pensions Fund Authority (LPFA) have joined forces to invest up to £500m in infrastructure.