LGC Finance supplement - September 2010
With the Hutton Review already stimulating plenty of discussion, with work under way in Scotland to merge funds and some funds already in possession of their actuarial valuation results, there is much to discuss at LGC’s Investment Summit, held at Celtic Manor.
The Local Government Pension Scheme undoubtedly faces unprecedented challenges, not least because of the politically charged atmosphere surrounding the public sector pensions debate. But conversations at Celtic Manor are likely to focus on investment strategies post the 2009-10 equities rally, according to Kent CC head of financial services Nick Vickers.
He says the question will be how far funds reduce equity allocations in favour of alternative investments, while Peter Gibson, client director at M&G investments, argues for a more active investment strategy.
With the second anniversary of the Icelandic banking crash looming, Greater London Authority treasury manager Luke Webster reflects on how best to strike the balance between risk and reward.
LGC also reviews Edinburgh City Council’s decision to bring its financial modelling in-house. The council says its do-it-yourself approach is saving £100,000 pounds