IMPORTANT INFORMATION

Please read this information before proceeding, as it explains certain restrictions on the distribution of this information and the countries it can be accessed from. Please confirm where applicable the confirmations requested at the bottom of this page.

The information in this section is published by Local Pensions Partnership Investments Ltd (LPPI), which is authorised and regulated by the Financial Conduct Authority. LPPI is a fully owned subsidiary of The Local Pensions Partnership. Contents of this section of the website are not intended for the general public. The information contained is for persons who are defined as Professional Clients under the rules of the FCA, and specifically a UK pension scheme or the professional financial advisor to such a scheme. The services provided by LPPI are only available to persons classified as Professional Clients, as such, no reliance should be placed on anything contained in this website by persons other than Professional Clients. In particular, persons who are retail Clients (as defined by the FCA), should not act or rely upon the information provided in this website and the services referred to herein will not be available to such persons.

The contents of this website are only directed at persons in the UK reasonably believed to be of a kind to whom such promotions may be communicated.

This website is for information purposes only. This website is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. Shares of the investment funds described herein are offered solely on the basis of the information and representations expressly set forth in the relevant offering circulars, and no other information or representations may be relied upon in connection with the offering of the shares. The value of investments, and the income from them, can go down as well as up and you may get back less than you invested.

Nothing contained on the website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain appropriate professional advice before making any investment decision.


Investment Management

LPP has assembled a highly experienced and well-qualified investment management team with deep understanding of the LGPS and wider pension scheme funding issues.

Partner funds can participate in LPP’s pool and/or access a range of investment management advisory services.

They also have the opportunity to invest in infrastructure via the joint Infrastructure Fund established in 2015 with Greater Manchester Pension Fund. LPP has a long history of infrastructure investment, including direct holdings in UK and overseas.

Asset pooling is carried out through an Authorised Contractual Scheme managed by an FCA-regulated operator. This offers a high degree of assurance to all stakeholders. Illiquid assets that cannot be pooled, such as property, infrastructure and other alternatives, can benefit from being jointly managed through Special Purpose Vehicles.

Credit Fund

Global Equities Fund

Global Infrastructure Fund

Private Equity


Direct investment performance

LPP currently manages an internal equity portfolio, which makes up 40% of our £5bn+ Global Equities Fund. This internal mandate focuses on large cap companies which we hold long-term. Before the launch of our Global Equities Fund, the £800m+internal equity portfolio returned c.9.5% in 2015, significantly ahead of the Mega Cap Benchmark at 0.01% and the MSCI World at c. 4.8%.

 

You can view how our internal equity portfolio is performing here.

 

 

We are committed to Responsible Investment and engagement, with a proactive approach towards addressing environmental, social and governance (ESG) issues in our investment strategy and integrating these concepts into our day-to-day activities, evolving our practice under the guidance of our Stewardship Committee. Where we allocate to third-party managers, we expect these managers to understand and support our policies as part of their core approach. You can read more about this in our Responsible Investment Policy here.

LPP's Shareholder Voting Policy articulates our approach and arrangements for shareholder voting and is available here. LPP's voting reports are provided below: 


Investment Advisory Services

LPP offers a range of investment management services, including advisory services (e.g. portfolio-wide advice on strategic asset allocation) and comprehensive stakeholder reporting.