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LPFA has appointed MHP Communications as Public Relations adviser. MHP will be assisting LPFA on a number of campaigns to ensure LPFA's voice is heard within the context of the ongoing debate surrounding local authority pensions.
MHP has extensive experience in the pensions and investment industry, advising other large pension funds and consultants including the Universities Superannuation Scheme, Barclays UK Retirement Fund and Punter Southall as well as a wide range of asset managers.
The LPFA team at MHP Communications is:
Sally Todd, Managing Partner
Andy Fleming, Associate Director
Lisa Haines, Senior Account Manager
Please contact 020 3128 8100 or email lpfa@mhpc.comAll press enquiries should be directed to MHP Communications in the first instance.
Hutton report welcomed as positive and sensible by LPFA - March 2011 (PDF 22KB - opens new window)
LPFA welcomes separate contribution talks for LGPS - June 2011 (PDF 19KB - opens new window)
LPFA Green Paper - September 2011 (PDF 50KB - opens new window)
LPFA's response to investment infrastructure funds (PDF 147KB - opens new window) - January 2012
An article appeared in the Times this morning outlining an idea to use local government pension scheme assets to invest in infrastructure funds. This was headlined “Osborne to raid £140bn town hall pension pot” which was an incorrect summary of the proposal. LPFA’s view is that infrastructure funds are a good match for pension fund liabilities and a proper asset class for a pension fund to invest in. Indeed we already have an allocation of £150m in such funds. LPFA has signed a Memorandum of Understanding with the Treasury which confirms participation in any discussions but does not commit LPFA to any future investment.
For LPFA the investment case is of utmost importance. If the returns to the fund are attractive and the investment case can be made with appropriate governance structures in place, then LPFA will investigate the possibilities further. Suitable guarantees would also be requested from the Government on the level of future returns.