Dan Peters 01 June 2017

Local government pension assets in 'good health'

Local government pension assets in good health image

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

Social Worker - SGO & Connected Person Assessment Team

Essex County Council
Negotiable
Social Worker - Special Guardianship Order (SGO) & Connected Person Assessment Team Chelmsford £30,906 - £42,254 Salary scale according to skills a England, Essex, Chelmsford
Recuriter: Essex County Council

Refuse Driver (LGV Chargehand Driver)

Royal Borough of Greenwich
£22995 - £24258 per annum + plus contractual overtime and allowances
It is an exciting time in Waste and Street Services at the Royal Borough of Greenwich. This is a opportunity to be part of a busy, successful team mak England, London, Greenwich
Recuriter: Royal Borough of Greenwich

Management Information Assistant

Brent Council
£24,462 - £26,724 p.a. inc (pro rata)
The successful candidate will have knowledge of relevant systems and software used in Finance and Human Resources. Wembley, London (Greater)
Recuriter: Brent Council

Principal Traffic Signal and ITS Engineer

Warwickshire County Council
£40,876.00 - £42,821.00 plus annual standby allowance of £2,562.84
You will be responsible for the day-to-day operation and maintenance of our Urban Traffic Management and Control System. Warwickshire
Recuriter: Warwickshire County Council

Finance Business Partner (GR7)

Birmingham City Council
£57,698 - £74,887
A role of this scale calls for an experienced Finance Business Partner with tried and tested skills. Birmingham, West Midlands
Recuriter: Birmingham City 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