LGPS Investment Regulations definition
Examples of LGPS Investment Regulations in a sentence
While in its infancy, this is likely to yield improved access to better infrastructure investment, both from the collective opportunity BPP brings as well as a national investment vehicle.2.5 Imperative of investment poolingThe main strategic driver for investment pooling is the Government’s decision to progress this as a policy, as now required under the LGPS Investment Regulations 2016.
MHCLG civil servants continued to indicate that a new consultation on pooling guidance and potentially, changes to the LGPS Investment Regulations were expected sometime later in the year.
They each administer, maintain and invest their own respective funds within the LGPS in accordance with those Regulations and the LGPS Investment Regulations.
A derivative, which is a permitted investment under the LGPS Investment Regulations, is a contract between two or more parties whose value is derived from the performance of an underlying financial asset, for example an equity index such as FTSE 100 index.
Overall responsibility for management of the Scheme and custody of assets is the responsibility of the relevant fund, in this case Kent County Council, in accordance with the Local Government Pension Scheme Regulations 2013, other LGPS scheme regulations and LGPS Investment Regulations.
The Director of Corporate Resources submitted a report which reminded the Board that the new LGPS Investment Regulations required LGPS funds to pool their assets in order to achieve cost savings whilst maintaining investment performance.
Although under the LGPS Investment Regulations 2016 an Administering Authority is no longer required to report the extent of their compliance against the Myners Principles, the London Borough of Barking and Dagenham has decided to continue to report this, as an appendix to the ISS, as it considers this to be both good governance practice and an element of good investment practice.
A presentation was attached to the report, setting out how the Northern Pool would meet the requirements of the LGPS Investment Regulations and the Pooling Criteria and Guidance issued by Government.
On behalf of our Local Authority members we have been arguing for changes to the Local Government Pension Scheme (LGPS) Investment Regulations for a number of years.
The LGPS Investment Regulations 2016 instructs funds to ‘consider any factors that are financially material to the performance of their investments, including social, environmental and corporate governance factors, and over the long term, dependent on the time horizon over which their liabilities arise’.