Dan Peters 01 June 2017

Local government pension assets in 'good health'

The asset side of local government pension schemes’ (LGPS) balance sheets is in good health, according to the latest performance analytics data.

Data from 60 LGPS funds compiled by Pensions & Investment Research Consultants (PIRC) revealed a huge return from equities – the largest allocation within most portfolios - as the markets surged ahead despite shocks such as the US election and Brexit.

PIRC also reported that performance has been ‘extremely strong’ over the medium and longer terms.

Over the last five years, the average fund returned 10.7% per annum while figures for the last 10 and 20 years were 7% and 7.4% respectively despite the period including the global financial crash.

Head of performance services at PIRC, Karen Thrumble, said: ‘The strong performance has been driven by the excellent results from equities, which returned almost 30% for the year.

‘The outperformance of benchmark indices by alternative assets was the key driver in the unusual statistic that more than three-quarters of funds managed to outperform their benchmarks in the latest year.’

SIGN UP
For your free daily news bulletin
Highways jobs

Assistant Director - Prevention and Service Development

North Yorkshire County Council
£86,252- £98,275 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! County Hall and around the county, including from home
Recuriter: North Yorkshire County Council

Principal Transport Development Planner

Suffolk County Council
£39,759 per annum (pro rata if part time)
A great opportunity to join the Suffolk County Council's Transport Strategy Team as a Principal Transport Development Planner. Suffolk County Council, Ipswich IP1 2BX
Recuriter: Suffolk County Council

Senior Manager - Asset and Network

Cheshire West & Chester
£56,593 - £62,792
This is a brand-new role developed out of our vision for the future of the recently established Transport and Highways directorate. Chester, Ellesmere Port, Winsford
Recuriter: Cheshire West & Chester

Provider Development Manager

North Yorkshire County Council
£50,183 - £58,379 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! County-wide – Hybrid
Recuriter: North Yorkshire County Council

Head of Integrated Care

North Yorkshire County Council
£60,567 - £69,001 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! North Yorkshire
Recuriter: North Yorkshire County Council

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.