60-second summary

Preparing LGPS funds’ annual reports - new investment disclosures

19 Apr 2024

The Scheme Advisory Board (in conjunction with DLUHC and CIPFA) has published new guidance for preparing LGPS funds’ annual reports. It replaces the 2019 guidance produced by the (now disbanded) CIPFA Pensions Panel.

Funds in England and Wales are now expected to report progress on pooling and levelling up, and how much they invest in private equity and in the UK. In Scotland, the guidance is advisory only, but funds are encouraged to adopt it on a best practice basis (although we note it covers a range of issues that don’t impact Scottish funds).

In this 60-second summary, Kenny Taylor discusses the new guidance:

  • Funds to use ‘best endeavours’ for 2023/24
  • Consistent presentation of asset allocations
  • Progress on pooling and levelling up
  • Private equity and investments in the UK
  • Stewardship activities
  • Plan, work together and reach out to service providers

If you would like to discuss anything further, please get in touch.

Preparing LGPS funds’ annual reports - new investment disclosures: updated guidance now published


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