Link Fund Solutions has received FCA regulatory approval for the LF ACCESS Pool Authorised Contractual Scheme (ACS) and first sub-fund. The ACCESS pool is intended to provide local authorities with a range of pooled investment funds, enabling them to execute their local investment strategy whilst benefiting from an economy of scale, and is a response to the Government’s pooling agenda across the LGPS.

The FCA approval comes on the anniversary of the formation of the ACCESS pool from the Inter Authority Agreement between the eleven participating LGPS administering authorities. The first global equity sub-fund is due to launch in October with £1.6bn invested by three pension funds.

ACCESS (A Collaboration of Central, Eastern and Southern Shires) is made of 11 LGPS administering authorities: Cambridgeshire County Council, East Sussex County Council, Essex County Council, Hampshire County Council, Hertfordshire County Council, Isle of Wight Council, Kent County Council, Norfolk County Council, Northamptonshire County Council, Suffolk County Council, and West Sussex County Council.

Councillor Reid, chairman of the ACCESS Joint Committee said of reaching this milestone: “This has been a significant first year with the appointment of the passive manager, the appointment of Link as the operator and now the launch of the ACS and the first sub-fund.”

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