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Michael O'Higgins to step down as chair of LGPS pool LPP | News


By IPE Staff2021-01-28T15:16:00+00:00
Michael O’Higgins will be stepping down from his role as chair of the Local Pensions Partnership (LPP) in the summer, LPP announced today.
A former pensions regulator chair, O’Higgins has been chair of the local government pension scheme asset pool since its formation in 2015. Assets under management have doubled since then, standing at £19.7bn at the end of November 2020.
O’Higgins’ decision to leave LPP comes as the pension provider has completed a transition into a new five-year plan, including a restructuring of LPP Group. O’Higgins said that with dedicated subsidiaries now fully operational, “I feel it is time for me to move on”. ....

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GLIL raises £500m from LGPS pools to fund UK infrastructure investments


So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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