ACCESS have announced Kevin McDonald as Interim Director for the ACCESS Support Unit. Please read the press release ACCESS Director. As Interim Director, Kevin McDonald will lead the ACCESS Support Unit, managing the development and strategy of the ACCESS Pool.
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.