Friday 05 June 2020

The Wales Pension Partnership’s first annual update

The Wales Pension Partnership (‘WPP’) Is pleased to present its first annual update. The progress made over the past twelve months reflects the ability of the eight Welsh Constituent Authorities to work together to deliver their shared set of objectives. Some significant milestones have been achieved during the year and it is extremely pleasing to see that these milestones have been extended across a variety of fields, including, Investments, Governance, Communications and Training. The annual update can be found under the Publications section, please click here.

Back

Other News

View All
Thursday 22 December 2022

Wales Pension Partnership appoints Schroders Capital

The Wales Pension Partnership (WPP) today announces the latest in its series of appointments to facilitate implementation of its Pooled Private Markets investment solutions.

Schroders Capital will develop the WPP pooled private equity investment programme, to meet Constituent Authorities’ needs in the asset class.

The appointment follows a rigorous procurement process run by the WPP with investment consultancy firm bfinance. The development will enable efficient and effective access to an illiquid asset class that has been a holding for LGPS funds for many years but that poses challenges in terms of access, cost and governance for single pension fund investors until scale is achieved.

Chris Moore, Director of Corporate Services at Carmarthenshire County Council (Host Authority for the WPP):

“Private Equity has been an important holding for the WPP Constituent Authorities but has historically been challenging to access in a cost effective manner. Pooling offers the opportunity to address this. We look forward to working with our newly appointed partners to meet this challenge and deliver efficient, effective and impactful Private Equity investment for the long term.”

 

Read More
Tuesday 05 April 2022

Wales Pension Partnership awards Private Markets investment contracts

The Wales Pension Partnership (WPP) today announces a series of appointments to facilitate implementation of its Pooled Infrastructure and Private Debt investment solutions.

Russell Investments will develop the WPP pooled private debt investment programme, GCM Grosvenor will implement closed-ended infrastructure investments and open-ended infrastructure will be invested through CBRE Global Infrastructure Fund, IFM Global Infrastructure Fund and Octopus Renewables Infrastructure SCSp.

The appointments follow a rigorous procurement process run by the WPP with investment consultancy firm bfinance. The development will enable efficient and effective access to illiquid asset classes that are fast becoming significant holdings for LGPS funds.

The WPP’s Joint Governance Committee was established in 2017 and is responsible for oversight of the pool’s partner organisations and the services they deliver to the LGPS funds in Wales.

Carmarthenshire County Council acts as Host Authority, liaising day to day with the Pool’s external partners, on behalf of all of the LGPS funds in Wales.

Chris Moore, Director of Corporate Services at Carmarthenshire County Council (Host Authority for the WPP):

“Alternative asset classes have historically been challenging to access in a cost-effective manner. Pooling offers the opportunity to address this challenge. The WPP’s constituent funds have increasing strategic demand for these investments, and we look forward to working with our newly appointed partners to meet this demand.”

 

Read More
Monday 04 April 2022

WPP wins the Pool of the Year Award at LAPF Investments Awards 2021

We are thrilled and honoured to announce that we were successful in winning Pool of the Year at the LAPF Investment Awards 2021, which took place in London on 29 March 2022.

We would like to thank all the 8 LGPS funds in Wales and our external providers for their continued support, our stakeholders and all involved in managing and providing an exceptional service to the WPP.

Read More