LGPS Investments

Finance and Investments

The County Council is the designated statutory body (Administering Authority) responsible for administering the Gloucestershire LGPS Fund on behalf of its scheduled and admitted bodies. The council is responsible for setting investment policy, appointing suitable persons to implement that policy and carrying out reviews and monitoring of investments and performance.

The Council have delegated the duties of the Administering Authority to the Pension Committee, formerly known as the Investment Committee, whose role it is to advise the full Council on any matter relating to the proper management and maintenance of the Gloucestershire Pension Fund. The Committee can appoint investment advisors and consultants to assist them in this role.

The Committee has delegated the day-to-day management of the Fund's investments to professional investment managers, whose activities are governed by detailed Investment Management Agreements.

The Finance and Investment team are responsible for:

The management of all aspects of the Fund accounts and annual report
The implementation and monitoring of compliance with the Fund's Investment Strategy
Liaising with employers on all matters in respect of actuarial and accounting queries
Managing the actuarial valuation process
The maintenance and updating of Fund policies in accordance with LGPS regulations and corporate policy.

Investment Pooling -Brunel Pension Partnership Ltd (BPP)

In 2015, Government announced measures to reform the Local Government Pension Scheme (LGPS) in an effort to reduce investment costs across the sector and ultimately deliver savings for local taxpayers.

Brunel Pension Partnership Ltd (BPP) is a Local Government Pensions scheme pool and was formed on 14th October 2016. Brunel oversees the investment of pension fund assets for Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire funds.

The Gloucestershire Pension Fund, through the Pension Committee, retains the responsibility for setting the detailed Strategic Asset Allocation for the Fund and allocating investment assets to the portfolios provided by Brunel.

www.brunelpensionpartnership.org

Brunel Responsible Investment Policy(RI)

Brunel Responsible Investment Outcome Report 2021

BPP Climate Change Statement

Brunel Stewardship Policy

Brunel Voting Guidelines

Gloucestershire Pension Fund - Hermes EOS Annual Review 2021

LGPS Regulations require administering authorities to prepare, maintain, and publish various statements.

Notice of Appointment of External Auditors from 2018/19

See Downloads below for the most recent statutory statements and publications