Mark Conrad 13 February 2023

Growth for pension pool despite Covid

Growth for pension pool despite Covid image
Image: Andrii Yalanskyi/Shutterstock.com.

One of local government’s biggest joint pension partnerships has now pooled £47.5bn of the £60bn assets under its management.

The giant Border to Coast Pensions Partnership (BCPP), one of eight pooled funds within the £364bn Local Government Pension Scheme (LGPS), revealed a fourth year of steady growth despite the Covid-19 pandemic.

A statement by BCPP chief executive Rachel Elwell, published alongside its latest accounts, read: ‘To date, £47bn of our partner funds’ circa £60bn of assets have been pooled – demonstrating a clear commitment to pooling and the value it can deliver.’

As of the end of March 2022, BCPP was responsible for £38.3bn of investments – an increase of £13.6bn on the previous year.

However, BCPP chairman Chris Hitchen warned the Ukraine conflict was ‘bringing forward fundamental changes to the investment outlook’.

He added: ‘Supply chain disruption and energy insecurity are factors contributing to a resurgence of inflation, which, if it persists, could change the game for investors.’

This article was originally published by The MJ (£).

SIGN UP
For your free daily news bulletin
Highways jobs

Chief Executive

Ebbsfleet Development Corporation
up to £165,000
Ebbsfleet is one of the UK’s most ambitious regeneration projects, a 21st-century Garden City Ebbsfleet, Kent
Recuriter: Ebbsfleet Development Corporation

Investment Marketing and Web Officer CDC

City Of Doncaster Council
Grade 8, £33,708 - £37,399
The postholder should be experienced in planning social media activity, refreshing web content and analysing their impact. Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council

Passenger Assistant (Escort) x 4 posts (CDC)

City Of Doncaster Council
Grade 3 - dependant on hours
The City of Doncaster Council is a confident, ambitious organisation Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council

Traffic Engineering Senior Technician (CDC)

City Of Doncaster Council
Grade 7, £28,132 - £30,914
You will play a key role in the planning, implementation and operation of traffic signal infrastructure across the city. Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council

Modern Slavery and Violence Prevention Programme Manager

Sandwell Metropolitan Borough Council
Band H, SCP38 - 43 (£49,282 - £54,495) per annum
Sandwell Council is seeking an experienced and visionary Modern Slavery and Violence Prevention Programme Manager Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council
Linkedin Banner