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Autumn Statement - Pooling of local government pension schemes

Autumn Statement - Pooling of local government pension schemes

  • United Kingdom
  • Tax planning and consultancy - Autumn Statement

25-11-2015

The government has today published guidance for pooling Local Government Pension Scheme Fund assets into up to 6 British Wealth Funds, containing at least £25 billion of Scheme assets each. The government is now inviting administering authorities to come forward with their proposals for new pooled structures in line with the guidance to significantly reduce costs while maintaining overall investment performance, with the wider ambition of matching the infrastructure investment levels of the top global pension funds.

We widely expect UK structures to be favoured for such pooling. The ACS is likely to be a strong contender, depending on the asset class.

More of our commentary on the Autumn Statement

View our dedicated Autumn Statement hub. It will give you access to our relevant articles and tweets.

 

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