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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

LGPS ‘could be used as UK sovereign wealth fund’

Posted on 13 December 2013

The Local Government Pension Scheme (LGPS) and other public sector schemes should consolidate to become “one of the world’s largest sovereign wealth funds”, London Pension Fund Authority (LPFA) chairman Edmund Truell says.
Speaking at the Eversheds Annual Pensions Conference, Pensions Insurance Corporation (PIC) founder Truell said chancellor George Osborne should abandon approaches to foreign investors and instead harness the value of public sector schemes to boost British infrastructure………………………………………..Full Article: Source


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