The EAPF is a fund of the Local Government Pension Scheme (LGPS). Earlier this year we responded to a consultation concerning the Government’s proposed changes to the way LGPS fund assets are managed.
In our response, we explained that we support the Government’s need for LGPS assets to better support growth and green growth in particular. However, we believe that some of the proposals will result in us having to compromise on our responsible investment approach.
Read the EAPF response to the Consultation.
EAPF is a shareholder and client in Brunel Pension Partnership pool which manages £3 billion of EAPF’s assets (as at end Dec 24). This is 63% of the EAPF’s total assets.
The 8 LGPS pools were asked by Government to submit business plans outlining how they will meet the new pooling requirements. Brunel’s business plan was rejected, and Government has asked the underlying Funds, including the EAPF to explore mergers either individually or as a pool by September 2025.
We’re currently working with Brunel and our partner funds to better understand the implications of this decision. We’re also considering various options for pooling and will update our members via our website as new information becomes available.
Read Brunel’s statement here
Above all, we wish to reassure members that there are no impacts on your pension benefits and that we’ll continue to focus on Green Growth.