Mark Conrad Dan Peters 08 June 2023

Pension figures lobbying over active management

Pension figures lobbying over active management image
Image: Aaban / Shutterstock.com.

Council pension figures are continuing to lobby for active management in case the Treasury renews pressure on the scheme’s funds to use cheaper passive investment.

The Treasury had reportedly been keen to push funds from active management - which seeks to take advantage of market changes - towards passive management, which is designed to broadly perform in line with the market.

It is understood to have recently cooled on the idea.

However, Philip Pearson, head of local government pension scheme (LGPS) investments at consultancy Hymans Robertson, which previously suggested £420m could be saved in investment fees and transaction costs annually by moving all liquid assets to passive management, said the debate was not over.

Mr Pearson said: ‘There’s a greater consciousness of risk and active risk is one of those you can take, but you should only do it if you’re pretty confident that you’re going to be rewarded.’

To continue reading visit The MJ (£).

Sign up here to receive our free daily news and jobs bulletin.

SIGN UP
For your free daily news bulletin
Highways jobs

Director of Public Health

Royal Borough of Greenwich
Up to £131,210
The Public Health department is at the heart of the council’s business. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Head of Regeneration and Growth

Plymouth City Council
£68,387 - £74,411 (MFS and relocation available, pay award pending)
This is a unique opportunity to lead our award-winning development team and directly deliver hundreds of millions of pounds of projects. Plymouth, Devon
Recuriter: Plymouth City Council

Director of Adult Social Care

Wiltshire Council
£119,390 - £127,137
Join us as the Director of Adult Social Care and make a real difference to people’s lives. Wiltshire
Recuriter: Wiltshire Council

Assistant Director Planning, Performance & Engagement

East Sussex County Council
up to £97,700
With strong local communities, unspoilt countryside and vibrant coastal towns, East Sussex offers an exceptional quality of life to many. East Sussex
Recuriter: East Sussex County Council

Director of Finance & Commerce

Lancashire County Council
Up to £114,339
You will play a critical role in driving the organisation through complex change and innovation. Lancashire
Recuriter: Lancashire County Council
Linkedin Banner