Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

LGC special report: Investment

  • Comment

LGC’s quarterly report on Local Government Pension Scheme investment is now available online.

As the delegates gather for this year’s LGC Pension Fund Symposium (20-21 July), they will likely breathe a sigh of relief at having made their final submissions to the government on pension fund pooling.

Click on image to view report in full

The pooling initiative has dominated every aspect of LGPS management for the past two years. Although the journey is clearly far from over, with most funds having not yet begun to transfer assets into their pools, the July deadline at least draws to a close a period of uncertainty, confusion and intense negotiation, both between funds and with central government.

Fittingly, in LGC’s quarterly special report several expert authors turn their attention to how investment, governance and the relationship between local and central government will work under the new regime. Staffordshire CC’s Andrew Burns, for instance, highlights the importance of getting the governance of pools right now, during the arrangements’ formative years, to prevent problems further down the line.

Fund officers and elected members have worked hard over this period not only to get pooling right for their funds and for the scheme as a whole, but also to keep up with the demands of the day job. The special report also includes an interview with LGPS Advisory Board chair Roger Phillips, highlighting the rest of the issues facing the scheme that still must be tackled, from deficits to rising employer numbers. In a separate feature in the report, we examine the state of the scheme as presented in the board’s latest annual report.

Reform to the structure of the scheme does not mean that funds can take their eyes off the ball when it comes to investing wisely for scheme members’ future, and in this report, Man Group’s Harry Skaliotis explores the possibilities of achieving returns via liquid alternatives; we report on an LGC roundtable exploring environmental, social and governance issues, sponsored by Goldman Sachs Asset Management; and we explore the latest thinking on emerging markets as these assets recover from a long period of underperformance.


  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.