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Item 6 - London CIV's Response to the Government's Pooling Criteria and Guidance and Investment Regulations Consultation (P10/16

Summary

In November 2015 the government published its “criteria and guidance” setting out how the LGPS funds of England and Wales should pool assets into “… six British Wealth Funds” of £25 billion each. This report presents the Committee with the four criteria which the government believes should steer the formation of pools and a draft response to the criteria for consideration ahead of it being submitted to government on or before 19 February 2015.

Recommendations

The committee is recommended to:
i. Note the contents of this report; and

ii. Decide whether the response to government at Annex B should be from London CIV only or jointly on behalf of London CIV and all the participating boroughs.