At his summer Budget 2015, the Chancellor announced the intention to invite administering authorities to bring forward proposals for pooling Local Government Pension Scheme investments, to deliver significantly reduced costs while maintaining overall investment performance. The Fund is now a member of LGPS Central, an investment pool with 8 Partner Funds, based in the Midlands.
What this means for our members
The pooling of investments has no impact on your benefits. Your pension will continue to be administered by Staffordshire Pension Fund.
We want to assure you that the quality of our service and our commitment to ensure that we are contributing together for your future will always be at the forefront of our work as we move forward with these changes.
2018-LGPS Central Spring 2018 Update Report (447KB)
LGPS Central Joint Committee meeting documents
If you have any enquiries, feel free to write to us by email at email@example.com or by post:
Staffordshire Pension Fund, 2 Staffordshire Place, Tipping Street, Stafford, ST16 2DH.
For more information, please read the following question and answer guides, provided by the LGPS:
Information for our Members LGPS Q&A pooling members 229kb Opens new window
Information for Employers LGPS Q&A pooling employers [231kb] Opens new window
30/01/2017- Governance Arrangements
On 30 January 2017, the Pensions Committee met to discuss and approve the structure and principles in relation to the various Governance arrangements for the LGPS Central Pool and the Staffordshire Pension Fund’s participation in such. The report, for further ecommendation to Full Council on 23 March 2017, is provided below:
Asset Pooling (300KB)
Appendix 1 (256KB)
Appendix 2 (372KB)
Appendix 3 (265KB)
24/03/2016- Response to Pooling Proposal
Marcus Jones MP, Minister for Local Government, response to LGPS Central Pooling proposal:
MJ to Chairs of Proposed LGPS Central Pool - LGPS Central Investment Pooling Proposal
15/02/2016- Poolong Proposal
Staffordshire Pension Fund's response to proposals for LGPS Investment Reform Criteria and Guidance:
Staffordshire DCLG Response (Pooling)
18/12/2015- LGPS Central Press Release
Midlands Local Government Pension Funds collaborate to create new investment pool
Eight Local Government Pension Funds, all based in the Midlands, are pleased to announce their intention to create an investment pool. Further details can be found below:
Midlands LGPF Press Release on Pooling
LGPS: Investment Reform Criteria and Guidance
At his summer Budget 2015, the Chancellor announced the intention to invite administering authorities to bring forward proposals for pooling Local Government Pension Scheme investments, to deliver significantly reduced costs while maintaining overall investment performance.
Authorities have been invited to submit proposals for pooling which the Government will assess against it's published criteria. These are:
1. Asset pool(s) that achieve the benefits of scale
2. Strong governance and decision making
3. Reduced costs and excellent value for money
4. An improved capacity to invest in infrastructure
Further information can be found on the UK Government website:
Consultation on LGPS Investment Regulations
Revoking and replacing the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009
The Government has published a consultation on the Pooling of Local Government Pension Funds:
The consultation proposes to revoke and replace the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009 with the draft regulations described in this paper. There are two main areas of reform:
1. A package of reforms that propose to remove some of the existing prescribed means of securing a diversified investment strategy and instead place the onus on authorities to determine the balance of their investments and take account of risk.
2. The introduction of safeguards to ensure that the more flexible legislation proposed is used appropriately and that the guidance on pooling assets is adhered to. This includes a suggested power to allow the Secretary of State to intervene in the investment function of an administering authority when necessary.
Views are sought on: 1. Whether the proposed revisions to the investment regulations will give authorities the flexibility to determine a suitable investment strategy that appropriately takes account of risk. 2. Whether the proposals to introduce the power of intervention as a safeguard will enable the Secretary of State to intervene, when appropriate, to ensure that authorities take advantage of the benefits of scale offered by pooling and deliver investment strategies that adhere to regulation and guidance.
The consultation is open for the period 25 November 2015 to 19 February 2016
The consultation can be found on the UK Government website: