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Jan 15, 2025 | 
lapfinvestments.com | Nick Kempster
The government has appointed Torsten Bell as pensions minister following the resignation of economic secretary Tulip Siddiq. Siddiq resigned following scrutiny of her family’s ties to the Bangladeshi government, although an investigation has found no breach of the Ministerial Code. Bell was elected to parliament for the first time in last year’s general election, representing the Swansea West constituency. He is a former chief executive of the Resolution Foundation think tank.
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Jan 14, 2025 | 
lapfinvestments.com | Nick Kempster
The Society of Pension Professionals (SPP) has responded to the current Government consultation on the Local Government Pension Scheme: Fit for the future with a number of challenges to consultation proposals, calling on the Government to “seriously reconsider” its position and to revise the associated timescales.
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Jan 10, 2025 | 
lapfinvestments.com | Nick Kempster
Several Local Government Pension Scheme (LGPS) organisations are collaborating in a bid to put pressure on oil giant Shell over its plans to expand liquified natural gas (LNG) output. Brunel Pension Partnership – the LGPS pool for 10 pension funds based in south-west England – has joined other LGPS funds and the Australasian Centre for Corporate Responsibility (ACCR) to co-file a shareholder resolution with Shell.
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Jan 10, 2025 | 
lapfinvestments.com | Nick Kempster
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Jan 9, 2025 | 
lapfinvestments.com | Nick Kempster
Louis-Paul Hill has been appointed as Investment Fund Oversight & Strategy Manager at LGPS Central. Louis-Paul, a seasoned investment professional with over 20 years of LGPS experience, joins LGPS Central from his consultancy role at Aon. During his tenure, he served as the FCA-regulated lead advisor to numerous LGPS funds, ranging in size from £2 billion to over £11 billion.
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Jan 7, 2025 | 
lapfinvestments.com | Nick Kempster
Each of the Local Government Pension Scheme (LGPS) funds in England and Wales could be given responsibility for acquiring their own cost transparency monitoring service under new plans unveiled at the end of December. The LGPS Scheme Advisory Board announced on 31 December that it was exploring replacing its current system, procured by the board for use by all LGPS funds, with a “framework” approach.
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Dec 18, 2024 | 
lapfinvestments.com | Nick Kempster
The London Pensions Fund Authority (LPFA), a Local Government Pension Scheme (LGPS) Administering Authority and £8 billion LGPS Fund with around 100,000 members, has appointed Jo Donnelly as Chief Executive Officer. Jo starts her role with the LPFA in April 2025 and comes from the Local Government Association (LGA) where she has spent four years; firstly as Senior Pensions Secretary and, since April 2022, as Head of Pensions. She is also Secretary to the LGPS Scheme Advisory Board (SAB).
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Dec 14, 2024 | 
lapfinvestments.com | Nick Kempster
The LGPS reforms announced by the Chancellor in the Mansion House speech are positive, but there are a number of areas in which the government should go further according to a new blog from LCP. Ending the postcode lottery: There needs to be greater consistency across the LGPS, and a step away from the “postcode lottery” for employers which affect the ongoing contribution levels and charges when employers exit a Fund.
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Dec 13, 2024 | 
lapfinvestments.com | Nick Kempster
The unavailability of assets with natural capital and a lack of appropriate data are the biggest barriers that stand in the way of LGPS funds hitting their net-zero goals, according to research by Hymans Robertson.* The study found that fewer than a third (30%) of funds have invested in natural capital such as forestry – low in comparison to the 80% who have invested in renewable energy sources.
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Dec 12, 2024 | 
lapfinvestments.com | Nick Kempster
LGPS Central is pleased to confirm the appointment of Jayne Atkinson as their new Chief Investment Officer (CIO), who will be joining in Spring 2025. The appointment marks a significant step in LGPS Central’s continued commitment to driving forward its investment strategy and delivering exceptional value to its Partner Funds. Jayne is an experienced investment professional and qualified actuary with over 20 years of expertise across various investment disciplines.
