UK’s Brunel ready to pool assets
Brunel Pension Partnership is starting its consolidation of 10 local government pension schemes into one mega fund. CIO Mark Mansley cites pragmatism and cost among the guiding objectives.
Brunel Pension Partnership is starting its consolidation of 10 local government pension schemes into one mega fund. CIO Mark Mansley cites pragmatism and cost among the guiding objectives.
The combination of 89 local government pension schemes, (LGPS), into a pool of funds means significant and large direct investment in the UK is possible when pension funds work collectively.
Australia, the US, Canada and Denmark have all done it. Kazakhstan and even Oman are talking about it. Increasingly, public sector pension funds are merging or pooling their assets into fewer bigger schemes. It’s no surprise the debate is gathering momentum in the United Kingdom, ripe for consolidation with a Local Government Pension Fund Scheme
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