4. Investment pooling
Brunel Pension Partnership
In 2015 the government announced that they wanted the 91 Local Government Pension Scheme funds to pool their investments into larger pools in order to achieve savings in investment management costs.
In response to the government agenda, Brunel Pension Partnership was set up to explore the options for pooling investment assets across ten Funds. The founding Funds comprise The Environment Agency Pension Fund, and the Local Government Funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Gloucestershire, Oxfordshire, Somerset and Wiltshire. The collective assets of the pool are approximately £30 billion.
The objective of pooling the assets is to achieve savings over the longer term from both lower investment management costs and more effective management of the investment assets. The pool will look to deliver the savings based upon the collective buying power the collaboration initiative will produce. Local accountability will be maintained as each individual fund will remain responsible for strategic decisions including asset allocation. The pooling of assets will only affect the implementation of the investment strategy in terms of manager appointments.
Brunel Pension Partnership is authorised and regulated by the Financial Conduct authority as a full service MiFID firm.
More information and updates can be found on the Brunel Pension Partnership website at www.brunelpensionpartnership.org
Last updated: 23 May 2019