Council pension ‘pools’ in England and Wales reject government push to merge

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The story "Council pension ‘pools’ in England and Wales reject government push to merge" was covered 18 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 18h ago

Council pension ‘pools’ in England and Wales reject government push to merge - Financial Times

Quick Summary:

Investment vehicles tell ministers continuing to operate independently will deliver best value for 6.

Three of the pools — ACCESS in southern and eastern England, Northern LGPS and Wales Pension Partnership — are set up as joint committees of their underlying local authority funds.

The eight investment vehicles manage money for the £392bn Local Government Pension Scheme.