Pensions - Articles - Submission to Government from London Pensions Fund Authority

 The LPFA have exchanged letters of intent and are in discussion with these funds around how to best work together using the very significant in-house expertise of all the participants. Given the timescale, discussions are at an early stage, but the next steps between now and July are for all participants to develop a proposal around how the pooling arrangement will work and meet Government’s criteria. All parties anticipate the discussions reaching a successful conclusion.

 Early discussions with other funds have also been ongoing, either about wider pooling via the ALM Partnership, or specifically about direct investment in Infrastructure. An example of which is the Royal County of Berkshire Pension Fund, which has indicated in a paper to their Pension Fund Committee that the ALM Partnership pool will be their preferred route for pooling purposes – the LPFA hope to include Berkshire in the wider pooling discussions referenced above but do not anticipate any of these discussions being concluded before 19th February 2016.

 Please find attached the LPFA’s submission in full below