Innovation in investment

Border to Coast Pensions Partnership

The innovative ‘UK Opportunities’ proposition is set to drive £0.5bn of investment in the UK. Launched in April 2024, as part of our £16bn private markets programme), it is the first national fund of its kind by any LGPS pool. It targets attractive risk-adjusted returns across a wide range of private market asset classes whilst generating a positive impact which will be measured and reported to our investors over the long term. It also introduces a mechanism to assist our stakeholders in presenting institutional quality investment propositions to the managers we partner with.

Norfolk Pension Fund

The Fund has used it approach of running multiple investment strategies to meet the new funding and investment challenges, as employer solvency levels have improved dramatically. This has allowed ongoing employers to better manage risk and for those were exiting the LGPS is an optimum solution, we have been able to support this through investment changes that minimise the risk of unexpected funding outcomes on the path to cessation. In a small number of cases the Fund has been able to support investment strategy changes that have allowed the employer to de-risk their participation while continuing membership of the scheme.

South Yorkshire Pensions Authority

SYPA's £260 million ‘Project Chip’ joint venture, with Royal London transforms a UK agricultural property portfolio into a leading natural capital investment vehicle. Motivated by environmental goals, SYPA partnered with Royal London to create a more actively managed investment vehicle for the portfolio. Their innovative plan prioritises sustainable practices, maintaining returns while enhancing environmental impact. Embracing new technologies will drive impactful change in land management. This venture aligns with SYPA’s ESG principles, attracting institutional investors to their forward-thinking approach. Though recent, success will be measured by financial returns and environmental impact, positioning them as pioneers in sustainable investment.

Wiltshire Pension Fund

Through our innovative Climate Opportunities (Clops) portfolio, we are investing for a sustainable future for our pension fund. This portfolio has the objective to earn superior risk-adjusted returns by investing in a diversified mix of assets which have the intention to deliver real World change by actively supporting the transition to a low carbon economy. This multi-asset portfolio invests across the spectrum of liquidity and asset classes, targeting impact within different time horizons. It showcases targeted engagement, science-based strategies, investment in real assets and nature, collaboration with other investors, and demonstrates strong alignment with the views of our valued membership.

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