Dan Whelan
The Greater Manchester, Merseyside and West Yorkshire pension funds have appointed 27 companies to provide services across their combined £46bn property portfolio, including management and valuations, to enable “a more cost-effective approach”.
Full list of firms below
Formerly known as Northern Pool, the three pension funds are known collectively as the Northern LGPS – the largest of the eight Local Government Pension Scheme pools, and has combined assets under management of £46bn.
The assets include stakes in the £1bn Airport City in Manchester, a project being delivered in joint venture with Beijing Construction Engineering Group International and Manchester Airports Group, and Hythe, a 34,000 sq ft office block and 70,000 sq ft logistics scheme at Wirral Waters, Merseyside.
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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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
Find whitepapers