LGPS Central Pool

The Fund is a participating scheme in the LGPS Central Pool | LGPS Central. The Fund is part of LGPS Central with the objective that the pooled investments can expect to benefit from lower investment costs and the opportunity to access alternative investments on a collective basis. As a local authority owned and Financial Conduct Authority registered investment manager, LGPS Central is required to provide governance, transparency and reporting to give the Fund assurance that its investment instructions are being carried out appropriately.

The Central pool consists of the LGPS funds of: Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands and Worcestershire. Collective investment management offers the potential for reductions in investment management fees, increased opportunities for investor engagement and access to a shared pool of knowledge and expertise.

In 2025 the UK government published its response to the ‘Fit for the Future’ consultation, outlining major reforms to the LGPS. These changes aim to strengthen governance, improve investment efficiency, and support local growth. The changes as part of this consultation is being regularly reported to the Local Pension Committee that will continue to have oversight of key Fund policies.