|
SYPA Responds to Government’s Consultation on the Future of the Local Government Pension Scheme
14/01/2025
|
|
|
South Yorkshire Pensions Authority has published its response to the Government’s consultation launched following the Mansion House speech last November, which sets out proposals for changes to the way in which the investment pools in which all LGPS funds participate operate and the way in which individual funds are governed as well as proposals intended to increase the level of investment in local areas.
SYPA’s response which you can read in full below is broadly supportive of the changes proposed as in many cases they reflect things which the Authority or its investment pool Border to Coast already do or are the logical next step in the development of current approaches. However, there are some areas of concern related to the ability of individual funds to fully express their investment beliefs through asset allocation and in relation to proposals to add independent members to fund governing bodies, which it is felt will undermine democratic accountability.
The full response can be downloaded by clicking the DOWNLOAD button at the bottom of the article.
read article »
|
| DOWNLOAD |
|
|
|
|
|
South Yorkshire Pensions Authority Appoints Northern Trust as New Custodian
09/01/2025
|
|
South Yorkshire Pensions Authority (SYPA) is delighted to announce the appointment of Northern Trust as the new Custodian for the South Yorkshire Pension Fund. This appointment marks a significant step in enhancing the security of the Fund's £11 billion investment assets, while improving the efficiency and effectiveness of the way we manage our assets.
A key factor in this decision was Northern Trust’s existing relationship with the Border to Coast Pensions Partnership. This connection will enable closer collaboration between SYPA and the pool, strengthening an already productive partnership and ensuring alignment in delivering value to our members and stakeholders.
Will Goddard, Head of Finance and Performance at SYPA, highlighted the benefits of the new partnership:
“This is a great opportunity for the Fund to benefit from Northern Trust’s extensive experience within the LGPS and innovative approach to custodial services. We’re looking forward to building a strong and productive relationship that supports our long-term objectives for the benefit of the South Yorkshire LGPS scheme members.”
"We are delighted to have been appointed by South Yorkshire Pensions Authority and look forward to forming a collaborative relationship.”, said Ian Hamilton, Head of Asset Owners Europe, Northern Trust. “This appointment continues our long-standing commitment to the LGPS sector. Northern Trust understands the changes and challenges that the sector will navigate over the next 18 months as Pools and Schemes adapt and collaborate to meet the Government’s timeline. With our experience and technology platforms, we’re well positioned to support our LGPS clients and excited to be working with South Yorkshire Pensions Authority.”
The collaboration between SYPA, Northern Trust, and Border to Coast is expected to foster greater operational efficiencies and deliver enhanced outcomes for members of the South Yorkshire LGPS. This partnership reflects SYPA’s commitment to innovation and excellence in managing pension assets to meet the needs of its members, now and in the future."We are delighted to have been appointed by South Yorkshire Pensions Authority and look forward to forming a collaborative relationship.”, said Ian Hamilton, Head of Asset Owners Europe, Northern Trust. “This appointment continues our long-standing commitment to the LGPS sector. Northern Trust understands the changes and challenges that the sector will navigate over the next 18 months as Pools and Schemes adapt and collaborate to meet the Government’s timeline. With our experience and technology platforms, we’re well positioned to support our LGPS clients and excited to be working with South Yorkshire Pensions Authority.”
The collaboration between SYPA, Northern Trust, and Border to Coast is expected to foster greater operational efficiencies and deliver enhanced outcomes for members of the South Yorkshire LGPS. This partnership reflects SYPA’s commitment to innovation and excellence in managing pension assets to meet the needs of its members, now and in the future.
read article »
|
|
|
|
|
|
|
Office Closure - Tuesday 7th January
07/01/2025
|
|
|
Please note that our Oakwell House office will be closed again today (Tuesday 7th January 2025).
Our phone lines are still open as normal from 9.30 am to 4.30 pm and you can call us on 0300 303 6160.
You can also email us at customerservices@sypa.org.uk.
You can still access your
mypension account  online too.
We hope to reopen the building on Wednesday 8th January.
read article »
|
|
|
|
|
|
|