We’ve kept you updated in previous newsletters about the introduction of asset pooling within the LGPS, which is required by Government legislation to help improve efficiency.
The Brunel Pension Partnership (consisting of 10 LGPS Funds largely based in the South West) was formally created on 18 July 2017, and the EAPF is one of its founding members. This approval was made on condition that members’ pensions are not put at risk, there are long term financial benefits to the Fund, and that the EAPF’s approach to Responsible Investment continues.
We continue to move forward with asset pooling as part of Brunel Pension Partnership, which will have greater scale to negotiate fee reductions or concessions with investment managers. Brunel can also explore more direct co-investment opportunities, which can be an effective way of reducing the high costs of investing in private markets as they do not incur normal management fees.
If you’d like to find out more on asset pooling and Brunel, you can find information on their website at www.brunelpensionpartnership.org
