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By IPE Staff2021-02-08T13:40:00+00:00
The ACCESS local authority pension asset pool has grown to £31bn (€35.3bn) after the operator of the collective investment scheme launched seven new sub-funds that drew £5.5bn from participating pension funds.
The operator, Link Fund Solutions Limited (LFS), launched the funds in November and December. They invest in a range of global equities and bonds and include the LF ACCESS Global Alpha Equity Fund and LF ACCESS Sterling Aggregate Bond Fund managed by Bailie Gifford, and the LF ACCESS UK Equity Fund managed by Majedie Investments.
Councillor Mark Kemp-Gee, chair of the ACCESS joint committee, said the committee had worked closely with LFS to select the fund managers “so they can deliver the cost savings and investment performance required as part of our successful track record since the launch of the pool”.