Brunel Pension Partnership (Investment Pooling Project)
In the July 2015 budget the government announced that they wanted the 89 Local Government Pension Scheme funds to pool their investments into larger pools in order to achieve savings in investment management costs. Following this in the Autumn Statement, the government published the criteria for the pooling of LGPS investment assets.
In response to the government agenda, the Avon Pension Fund has explored options for the pooling of its investment assets with the other eight LGPS funds in the south west*, a group that has already worked collaboratively over a considerable period of time. Two other funds, Oxfordshire and Buckinghamshire have joined the group which is now called “Project Brunel”, with collective assets of c. £23 billion.