Essex County Council has been announced as the host authority for the ACCESS Support Unit (ASU). The ASU will be led by a Programme Director and will include a Contract Manager, technical leads and administration support. The Programme Director will be responsible for implementing ACCESS’s strategy and for the day to day performance of the third party […]
ACCESS: A Collaboration of Central, Eastern and Southern Shires.
The Local Government Pension Scheme (LGPS) is a national statutory pension scheme administered locally for participating employers and scheme members. Collectively the LGPS has assets of £200 billion and 4.6 million members.
The Government is encouraging LGPS Funds to work together to put forward plans to “pool investments to significantly reduce costs, while maintaining investment performance”.
In response eleven like-minded LGPS Funds are working together under the name of ACCESS (A Collaboration of Central, Eastern and Southern Shires). Initial proposals were put forward to the Government in February 2016. (Since this initial proposal Hertfordshire have joined ACCESS).
A detailed proposition was developed in response to the guidance and criteria and submitted to the Government in July 2016.
It is the Government’s expectation that the asset pools are formed in order for liquid investment assets to begin being transferred from individual LGPS Funds from 1 April 2018.