London Pensions Fund Authority

The London Pension Fund Authority (LPFA) has appointed asset management expert Chris Rule as chief investment officer (CIO).

The London Pensions Fund Authority (LPFA) has appointed GlaxoSmithKline director of global pension investments Robert Vandersluis as a non-executive director to its board.

The London Pensions Fund Authority's (LPFA) funding level is around 95%, according to its 2013 valuation.

Local authority funds have called for an independent platform or ‘clearing house' on which they could access local investment opportunities, a Smith Institute study says.

London mayor Boris Johnson is to convene a high-level meeting of UK pension funds in a bid to source billions of pounds of investment in London housing projects, PP has learned.

Trade unions have proposed a "tramway" system for the public sector pension cost envelope which would give a two per cent leeway either side of fixed costs.

Proposals to implement a new LGPS with lower accrual rates could be used as a short-term fix to generate millions of pounds in savings required from the scheme by Treasury next year.

The £4.1bn London Pensions Fund Authority has boosted its shareholder voting and engagement by handing £1bn in global equities to Dutch fund manager Robeco.

The Treasury has agreed to hold separate negotiations with unions on reforms to the Local Government Pension Scheme after acknowledging its funded status made it different to other public sector schemes.

UK - Treasury plans to increase public sector employee pension contributions by 3% could destroy the Local Government Pension Scheme, the London Pensions Fund Authority warned.