Brunel receives LGPS future letter from MHCLG

Brunel and our partner funds committed to exploring the government’s plans for Fit for the Future at an early stage – responding to the Call for Evidence, Consultation, and Business Plan request. We have since received a response from the minister stating that our proposals did not meet the government’s vision for the future of the LGPS.

We are now taking some time to consider next steps with our partner funds. We will continue to coordinate our approach as we consider the latest feedback from the government.

Our partnership has succeeded across multiple agendas since inception: transition of assets, governance, asset class range, Responsible Investment, and UK impact. Across these criteria, Brunel has been a pooling success, and we are determined to ensure that success continues. Fundamentally, our purpose is to enable our clients to meet their fiduciary duty to their members and this remains our core focus.

Our growth and success have been built on working with multiple stakeholders, and we will continue to work with the government and our partner funds to ensure the best possible future for our pool, its funds, and their members.

Laura Chappell, Chief Executive Officer, Brunel Pension Partnership

Our partnership is built on a shared vision and shared priorities. We coordinate very closely to achieve our goals and it is crucial that any structural changes enable this momentum to continue rather than be delayed.

Matthew Trebilcock, Head of Pensions, Gloucestershire Pension Fund