BAILLIE GIFFORD

The transparency code set up in June for the £217bn Local Government Pension Scheme (LGPS) is quickly gaining traction among asset managers, with the total number of signatories reaching 12.

Legal & General Investment Management (LGIM) has signed up to the code of transparency created for the Local Government Pension Scheme (LGPS), bringing the total number of signatories to five.

This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.

Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.