LGPS pool says savings have been driven by scale, buying power and performance
GLIL Infrastructure has raised £500m from two Local Government Pension Scheme (LGPS) pools to fund UK infrastructure investments.
The pool set up by nine central midlands local authority pension funds has been given the green light by the Financial Conduct Authority (FCA) to operate as an alternative investment fund manager.
The Local Pensions Partnership (LPP) has set up a private equity structure, bringing together the investments of the London Pensions Fund Authority and Lancashire County Pension Fund.
EU rules downgrading local authority funds to retail investors is throwing up complications for pooling and infrastructure investment. The FCA must ensure pools are part of the solution, writes Stephanie Baxter