Local Government Pension Scheme

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.

While the short-term impact of Covid-19 on liabilities in the Local Government Pension Scheme (LGPS) is likely to be relatively modest, the long-term impact is likely to be greater, according to the Scheme Advisory Board (SAB).

Professional Pensions rounds up some of the latest tender awards from across the industry.

Brunel Pension Partnership engaged with 881 companies on 3,101 ESG issues over the course of 2020, helping to achieve progress towards targets on carbon saving, water intensity reduction, and gender equality.

Border to Coast Pensions Partnership has invested £575m in private credit as part of a £3bn private markets programme also covering equity and infrastructure assets.

Brunel Pension Partnership has launched a bespoke private debt portfolio with Aksia, with partner funds committing £945m to the pooled vehicle.

GLIL Infrastructure has partnered with London-based Arcus Infrastructure Partners to purchase energy infrastructure provider Smart Meter Assets 1 (SMA).

Hymans Robertson is launching an online learning academy for Local Government Pension Scheme (LGPS) committees and pension boards to undertake general training.

LGPS Central has launched its £680m multi-asset credit (MAC) fund with initial buy-in from four local authority partner funds.

This week’s top stories included more details of PensionBee’s initial public offering and Just Group’s criticism of the effects of freezing the money purchase annual allowance.