Northern LGPS

Northern LGPS is a partnership between the Greater Manchester (GMPF), Merseyside (MPF) and West Yorkshire (WYPF) Local Government Pension Scheme (LGPS) funds. Formerly known as ‘Northern Pool’, it is one of Britain’s largest public investment funds. Northern LGPS’s purpose is to ensure the assets of its funds perform effectively so that members receive a pension that enables them to enjoy their retirement in dignity.

Country

United Kingdom

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$52

Chair

Gerald Cooney

Asset allocation

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of March 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

How UK’s LGPS still has a long way to go creating a Canadian model

The UK’s new Chancellor of the Exchequer Rachel Reeves just returned from a trip to Toronto where was gleaning ideas from Maple 8 bosses on how to emulate a “Canadian style” pension model. But it will require a governance overhaul to create a Maple 8 in the UK.

Spotlight turns on West Yorkshire’s hybrid approach to pooling

The UK government has just closed a consultation on LGPS pooling progress and processes that will shine a spotlight on £18 West Yorkshire pension fund's hybrid approach. Championing local investment and regional financial expertise may not be enough to offset pressure to step up pooling.