Magazine article Public Finance

LGPS Regulations 'Need to Be Simpler and Clearer'

Magazine article Public Finance

LGPS Regulations 'Need to Be Simpler and Clearer'

Article excerpt

Regulations for the Local Government Pension Scheme need to be clarified and simplified, a leading expert has said.

A survey of two-thirds of pension funds, representing around £107bn In assets under management, showed that 52% of respondents thought current regulations were 'detrimental to efficient portfolio management', while 51% said the regulations 'prevent access to risk/reward opportunities'.

Discussing the outcomes of the review into LGPS investment regulations, commissioned by the CIPFA Pensions Panel, Peter Scales, the chair of the working party, said some people believed that 'maintaining the status quo' was not an option when looking at the future for the regulations.

'There was a view that there was some cost involved in lost market opportunity,' he said. This could amount to tens of millions of pounds. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.