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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)

BPP Climate Change Statement

 

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

Annual Reports

Gloucestershire Local Government Pension Fund 2017/18 Annual Report

Gloucestershire Local Government Pension Fund 2016/17 Annual Report

Gloucestershire Local Government Pension Fund 2015/16 Annual Report

Gloucestershire Local Government Pension Fund 2014/15 Annual Report

Gloucestershire Local Government Pension Fund 2013/14 Annual Report

Gloucestershire Local Government Pension Fund 2012/13 Annual Report

Gloucestershire Local Government Pension Fund 2011/12 Annual Report

Gloucestershire Local Government Pension Fund 2010/11 Annual Report

Gloucestershire Local Government Pension Fund: Annual Report 2009/10

Gloucestershire Local Government Pension Fund: 2008/09 Annual Report

 

 Auditor's Reports

 Independent Auditor's Consistency Report 2017/18

 

Actuarial Valuation Reports

Gloucestershire Local Government Pension Fund: Actuarial Valuation Report: March 2016

Gloucestershire Local Government Pension Fund: Actuarial Valuation Report: March 2013

Gloucestershire Local Government Pension Fund: Actuarial Valuation Report: March 2010

Gloucestershire Local Government Pension Fund: Actuarial Valuation Report: March 2007

Policy Statements

Gloucestershire Breaches Policy

Gloucestershire County Council Pension Fund Governance Compliance Statement (April 2017)

Gloucestershire County Council Pension Fund Governance Policy Statement (Updated 28th September 2017)

Gloucestershire County Council Communications Policy Statement (August 2018)

Gloucestershire County Council Pension Fund Investment Strategy Statement

Pension Administration Strategy - Gloucestershire Local Government Pension Fund

Funding Strategy Statements

Gloucestershire Local Government Pension Fund Funding Strategy Statement February 2017

Business Plan

Gloucestershire Local Government Pension Fund Business Plan 2019/20

Pensions Workplan Matrix 2019/20

Pension Board Reports

Pension Board Reports

 

 

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