Access LGPS Investment Pool has launched four new sub-funds to pool a further £3.2bn.

Link Fund Solutions Limited (LFS), on behalf of Access, has launched the four new sub-funds, adding £3.2bn to the Local Government Pension Scheme (LGPS) pool. The transfer of assets to the four externally managed sub-funds brings the total pooled assets under management within Access to £33.1bn, with £22.2bn managed actively within the LFS Authorised Contractual Scheme and a further £10.9bn in passive funds.

Pension Insurance Corporation (PIC) has announced an £83m investment in housing in Newham.

PIC made the investment, in partnership with the London Borough of Newham, to fund the construction of 161 homes, half of which will be affordable homes. The investment will be used to regenerate a brownfield, industrial site near London City Airport as part of Newham’s housing strategy which seeks to actively manage the financial and social implications of the area’s housing shortfall. The announcement follows a £87m investment purchasing 300 affordable properties outright in the London Borough of Bromley and brings the total urban regeneration investment to almost £600m in 18 months.

TPT Retirement Solutions has gone live on Opus Nebula’s ‘Reporting as a Service’ solution.

TPT Retirement Solutions will use the solution for the production of its client reports and aims for its clients to benefit from “re-designed reports, improved report content and greater production efficiency”. Contracts were signed with Opus Nebula in November 2021 and TPT produced its client reports from the new system at the end of December 2021, with “speed and ease of on-boarding” cited as characteristics of the solution.

Share Story: