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.
Link Fund Solutions Ltd, the ACCESS pool operator, has received approval from the Financial Conduct Authority (FCA) for a global equity sub-fund for the pool.
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.
