March 2018 - Cross Pool Forum

On the 27th March 2018, the Chairs of LGPS pension committees and local pension boards attended an open session where representatives from the eight asset pools reported on their progress in establishing their organisational structures and governance arrangements. A copy of the presentations used on the day can be found here. Steps will soon be taken to establish the Cross Pool Open Forum approved by the Scheme Advisory Board in February 2018, comprising three representatives from each of the eight pools and three trade union representatives.

March 2017 - Board Statement on Pool Governance

Following the meeting of the Board on 6th March 2017, the following statement was agreed:

"The Board recognises that it is for scheme managers within each pool to develop appropriate governance to assure all stakeholders of the transparent and effective implementation of strategy. In this respect the Board notes the comments made by the Local Government minister Marcus Jones MP on this matter in the Westminster Hall debate on 24th October 2016.
The board recognises that strategic decisions on asset allocations and responsible investment will remain at the local level and therefore the involvement via local pension boards of those employers beyond the scheme manager along with member representatives in those areas would continue.
However the Board also encourages scheme managers to involve those same employers and member representatives in assisting with the assurance of transparent reporting from pools and ensuring the effective implementation of strategies by pools. Such involvement should include the consideration of provision of direct representation on oversight structures.”

August 2016 - Investment Reform Q & A session and documents

(1) Investment Reform Q&A for: (A) employers and (B) members, and (2) August 2016 Briefing Session held with members of local pension boards - click here for presentation (PDF - 13 pages, 357KB) and here for summary (PDF - 3 pages - 130KB).

July 2016 - Eight pools submit detailed proposals to government

Name of PoolFundsAssets
Proposal document
London CIV Established for the 33 LGPS funds administered by London's 32 boroughs and the City of London Corporation, 25 pdf 667kb 31 pages
Northern Pool West Yorkshire, Greater Manchester and Merseyside 35 pdf 400kb 23 pages
Central Cheshire, Leicestershire, Shropshire, Staffordshire, West Midlands, Derbyshire, Nottinghamshire, Worcestershire and the West Midlands Integrated Transport Authority 34 pdf 1.87Mb 55 pages
Brunel Avon, Cornwall, Devon, Dorset, Gloucester, Somerset and Wiltshire, Oxfordshire, Buckinghamshire and the Environment Agency Pension Fund. 23 pdf 969kb 32 pages
ACCESS Northamptonshire, Cambridgeshire, East Sussex, Essex, Norfolk, Isle of Wight, Hampshire, Kent, Hertfordshire, West Sussex and Suffolk. 34 pdf 892kb 35 pages
Wales Carmarthenshire, Cardiff, Flintshire, Gwynedd, Powys, Rhondda Cynon Taff, Swansea, and Torfaen. 13 pdf 283kb 29 pages
Border to Coast Cumbria, East Riding, Surrey, Warwickshire, Lincolnshire, North Yorkshire, South Yorkshire, South Yorkshire Passenger Transport Pension Fund, Tyne & Wear, Durham, Bedfordshire, Northumberland and Teesside. 36  
LPP Lancashire, Berkshire and the London Pension Fund Authority 13 pdf 618kb 35 pages

February 2016 - Eight pools submit initial proposals to government

24 August 2015 - Pooled Investments in the LGPS – 21st August 11am Local Government House

Thank you to everyone who attended the event on Friday 21st August. For the benefit of those who couldn’t attend, and for information, please find below the slides presented at the event:



Presentation slides

Joanne Segars

Scheme Advisory Board (SAB)

pdf 6 pages 406kb

Greg Smith


pdf 13 pages 298kb

Hugh Grover

London Councils

pdf 5 pages 94kb

Mike Weston

PIP Funds

pdf 7 pages 385kb

Geik Drever


pdf 10 pages 356kb

Nicola Mark

Norfolk Pension Fund

pdf 4 pages 96kb

29 July 2015 - Pooled Investments in the LGPS – 21st August 11am Local Government House

What are the objectives of the summer budget announcement on pooled investment in the LGPS? How much say will the sector have in the outcome? What will the criteria be and what will the back stop legislation look like?

The Scheme Advisory Board have arranged the opportunity for LGPS funds to put these and other questions directly to government officials and to hear how the process will work leading up to draft legislation and on to implementation.

This event will be free (spaces will be limited) and is bookable via the LGA events website

18 October 2013 - LGPS Shadow Advisory Board sets out role in call for evidence process

Following the second meeting of the LGPS Shadow Advisory Board (SAB), Joanne Segars, Chair of SAB, set out the role of the body as part of the DCLG-LGA call for evidence on the future structure of the LGPS.

Ms Segars said: “As requested by the Local Government Minister, Brandon Lewis, the Shadow Board is committed to continuing to work openly and constructively with DCLG and LGPS stakeholders on the call for evidence. The Board is conducting analysis of the responses and the conclusion of this analysis will be submitted to the Minister later this year, along with a set of recommendations. This report will inform the DCLG's consultation on options.

"The Shadow Board has been made aware of the tender exercise being undertaken by Cabinet Office and DCLG. This commissions further analysis of the costs and benefits and technical issues involved in the potential restructuring, and further collaboration of LGPS and other public service funds. We recognise the legitimate concerns that stakeholders have about this exercise and have raised these with the Minister. The Board’s analysis and recommendations may take on board the output of the tender exercise.”

18 October 2013