LGPS Central Limited, the asset management company set up to manage the assets of 9 central midlands based Local Government Pension Scheme (LGPS) funds, has today announced that it has received FCA authorisation. The Company has been authorised to operate as an Alternative Investment Fund Manager (AIFM). The FCA authorisation permits it to act as the operator of an Authorised Contractual Scheme (ACS), and provide a range of discretionary and advisory investment services to its clients.
Joanne Segars, Chair of the Company said: “This is a key milestone for the Company. We are absolutely delighted to have received our authorisation. It is a testament to the arduous work and dedication of the programme team from our Partner Funds who have been working on the set up of Central for the last 18 months, and our growing team of Company executives.
“We are firmly on track for the launch of the Company and the transition of assets to our first ACS sub-funds in April. We have also in place detailed plans for the launch of new sub-funds,
products and services for our Partner Funds during the rest of 2018/19 and beyond. The whole team at LGPS Central is looking forward to getting to work to deliver value added products and
services to our Partner Funds.”