3rd December 2024: Work has been initiated to explore all options on how ACCESS responds to the new requirements. These options include building a new investment company.
The Local Government Pension Scheme (LGPS) ACCESS pool (made up of eleven LGPS Shire County Administering Authorities) has consolidated its passive equity mandates, resulting in estimated savings of £5m per annum.
The ACCESS asset pool being formed by 11 Local Government Pension Schemes is carrying out a “market engagement process” to help it with the potential launch of a tender for an external provider of the pool’s investment vehicle.
Plans for a £33bn asset pool across 11 local government pension schemes have been formally launched following last month’s submission of an outline plan to government.
Local authority pension schemes will today submit plans to government to pool their assets into so-called British Wealth Funds, with seven proposals now set to be submitted for approval.
