LGPS 'long way' from being forced to ditch active

By Mark Conrad | 20 September 2019

Council pension experts believe the sector is a ‘long way’ from being compelled to slash costs through passive investment management despite renewed Treasury pressure.

Secretary to the local government pension scheme (LGPS) advisory board, Jeff Houston, told The MJ it was unlikely Whitehall would compel the scheme’s 89 funds to use cheaper passive investment managers despite concerns about the cost of active investment managers.

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