The agreement is a significant step for both GMPF and LPFA. It allows the funds to
\nincrease their investment in infrastructure, deliver long-term returns that match their
\nliabilities and provide much needed investment in major UK infrastructure projects.<\/p>\n
The structure aligns with both Funds\u2019 responses to central government on the reform Cllr. Kieran Quinn, Chair of GMPF, said: \u201cWe are delighted to have formed this partnership alongside LPFA. In the UK we are Susan Martin, CEO of LPFA, said: The Greater Manchester Pension Fund (GMPF) and the London Pensions Fund AuthorityOver the next three or four years, the pension funds will seek to make investments and
\nhold them over the appropriate period for each individual investment.<\/quote>
\n They will use
\ntheir local presence in Greater Manchester and London to best advantage, but have a
\nhigh degree of flexibility for suitable opportunities.<\/p>\n
\nof the Local Government Pension Scheme, which called for closer collaboration
\nbetween funds in order to realise the benefits of increased scale.<\/p>\n
\nonly beginning to realise the potential for public pension funds to support the
\ndevelopment of infrastructure projects, at the same time as delivering sustainable, high-quality returns to scheme members and employers.
\n
GMPF are long-standing investors in infrastructure and we look forwarded to using our experience and knowledge to help build this into something of great value to the UK as a whole, with an initial focus on Greater Manchester and London, which are two key areas in driving growth.\u201d<\/em><\/p>\n
\n\u201cThe creation of an infrastructure investment platform is another step towards closing
\nour deficit. To meet our pensions liabilities we need a balanced portfolio that includes
\nassets with a long-term profile. While at the same time by focusing on British
\ninfrastructure we are investing in an area that so badly needs it.
\n\u201cWe look forward to working with GMPF to deliver projects that will provide both for
\nour members and at the same time support the wider social need.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
\n(LPFA) today announced the joint allocation of up to \u00a3500m to invest in infrastructure
\nopportunities.<\/p>\n","protected":false},"author":20,"featured_media":39665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1809,1655,1651,2094,2139],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39667"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=39667"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/39665"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=39667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=39667"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=39667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}