The merger of the Lancashire County Pension Fund (LCPF) and London Pension Fund Authority (LPFA) has been approved by the Financial Conduct Authority (FCA).
The two funds will join together to form the Local Pensions Partnership (LPP), pooling around £11 billion of assets.
Despite merging assets and liability, the two funds will still remain separate and independent. The scheme hopes other Local Government Pension Schemes will join the initiative in the future, following Chancellor George Osborne’s wishes to pool together local government pensions.
Michael O'Higgins, LPP chairman, said: "The pool will lead to lower costs, both in administration and fund management. It is also intended to generate higher investment returns.
"Our new name underlines the fact that we are open for business, and ready and able to work with other LGPS funds in developing this exciting proposition."
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
The government has announced new financial penalties for water companies who commit environmental offences.
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Join us for the landmark 10th Anniversary of the London Build Expo, the UK’s largest and most influential construction and design show.
Retail Supply Chain & Logistics Expo returns to Excel London across 12-13 November, once again bringing together the world of logistics, supply chain, eCommerce and retail innovation for two dynamic days of opportunity.
Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.
Bauder marked a major milestone in its UK expansion with the official handover of a brand
At Words of World, we specialise in professional translation and interpreting, d
The British Institute of Cleaning Science (BICSc) and the Cleaning & Support Services Association (CSSA) have successfully completed a groundbreaking project aimed at exploring the future of cleaning. This collaboration marks a significant milestone in the cleaning industry, reflecting a shared commitment to embracing innovation with confidence.
The Crown Commercial Service’s (CCS) new framework on Language Services (RM6302), dealing with translation, transcription and interpreting, is live, running from 7th May 2025 to 6th May 2028.
