Laura Sharman 02 November 2016

Council pension funds launch £5bn Global Equity Fund

Council pension funds launch £5bn Global Equity Fund image

The Lancashire County Pension Fund (LCPF) and London Pensions Fund Authority (LPFA) have pooled their assets to launch a £5bn Global Equity Fund.

The fund is the first in a series of asset-class funds to be launched by the Local Pensions Partnership (LPP). It intends to consolidate other investments such as private equity, infrastructure and credit under special purpose vehicles over the next six months.

Susan Martin, chief executive of LPP, said: 'Following our FCA and ACS approval we have been waiting for Government to change the LGPS investment regulations. There are now no barriers to physically pooling our assets and launching the fund.

'As a not-for-profit pension services organisation we provide investment management, risk and pension administration services to a range of clients. This development is another step in delivering the expected benefits of the collaboration between LPFA and LCPF.'

SIGN UP
For your free daily news bulletin
Highways jobs

Principal Energy Engineer

Surrey County Council
£45,734 - £51,725 per annum
Do you have experience in working with delivering carbon reduction measures into a range of building projects? Surrey
Recuriter: Surrey County Council

Wellbeing and Independence Practitioner - Safeguarding

Essex County Council
£27203 - £31370 per annum
Please note, this role is a Fixed Term Contract until the end of March 2022. With us, you can achieve more - for yourself as well as those you work England, Essex, Chelmsford
Recuriter: Essex County Council

Chief Fire Officer/Chief Executive

Essex County Fire & Rescue Service
c. £150,000
Are you ready for an exciting and rewarding opportunity Essex
Recuriter: Essex County Fire & Rescue Service

Housing Development Manager

City of York Council
£36,476 to £41,830 per annum
Do you want to play a key part in the delivery of “the UK’s most ambitious council-led housing programme in a generation”? York, North Yorkshire
Recuriter: City of York Council

Resettlement Support Workers

City of York Council
£21,989 to £24,447 per annum
We are looking to recruit two individuals to provide high quality support to those living in the resettlement hostel for young people aged 16-25 York, North Yorkshire
Recuriter: City of York Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue