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Shirehall
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Shropshire
SY2 6ND

Issue - meetings

LGPS Central Update

Meeting: 16/11/2018 - Pensions Board (Item 7.)

Transition to the Central Pool and LGPS Central Update

To receive a verbal update from the Head of Treasury and Pensions.

 

Contact:  Justin Bridges (01743) 252072


Meeting: 13/04/2018 - Pensions Board (Item 25)

LGPS Central Update

Justin Bridges will give a verbal update.

Minutes:

25.1  The Head of Treasury and Pensions gave a verbal update on LGPS Central, which was ahead of the other pools and went live on 3 April 2018 with £12million of assets.  He reported that staff from the West Midlands and Derbyshire funds had been TUPED over and there were now 32 permanent members of staff, some on an advisory basis.  The CEO and Chairman of the Board will be attending future meetings of the Pensions Committee.  The fund was progressing well and managing its money and was on target to achieve £250 million of savings.  He reported that the Governance structure was in place and that the Executive Committees and Joint Committee were up and running.

 

25.2  The Head of Treasury and Pensions reported that himself and the Section 151 Officer were receiving monthly updates.  The fund was currently out to tender for a global equities manager and hoped to be in a position to appoint a manager by September 2018.  It was confirmed that the first asset from Shropshire would be transferred in September.  Finally, the Head of Treasury and Pensions drew attention to the key priorities for 2018/19 and informed the Board that the CEO and Chairman of the Board could be invited to present to a future meeting of the Pensions Board.


 

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