Local government pool pledges to be net zero by 2050, with 50% reduction by 2030
Investments made in infrastructure, private equity and private credit
GAD makes four recommendations for LGPS improvement in wake of 2019 valuations
Could improve ‘fairness and sustainability’ of LGPS and other public schemes
LGPS pool saved two partner funds a total of £3.5m in a single transaction
Bill will remedy discrimination against younger members following McCloud judgment
Scottish local authority fund remains heavily invested in equities for 89,000 members
Only reformed schemes will be covered as the corridor is widened to 3%.
Border to Coast Pensions Partnership is seeking a further one or two external managers for its UK-listed equity alpha fund.
West Midlands Pension Fund (WMPF) has become the first Local Government Pension Scheme (LGPS) “friend” of the Pension and Lifetime Savings Association’s (PLSA) Retirement Livings Standards.