Passive outcry may force U-turn on pensions stance

By Dan Peters | 10 February 2015

Council pension funds are unlikely to be forced to only use passive management with the Government appearing to back away from its original proposals.

Local government pension schemes (LGPS) had suggested they might launch legal action if Whitehall pushed them to use only passive investment strategies, as reported in The MJ last month.

Confidence is now growing that the sector’s strong reaction to the plans is making a difference to the Government’s position.

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