LGPS Central launches stewardship service
LGPS Central is proud to announce the “go-live” of a pioneering stewardship service, the first of its kind in the UK. This important initiative follows the new £11 billion oversight and stewardship mandate announced in January 2025.
The new service will cover over 2,500 companies each year across 15 equity funds, with assets under management (AUM) of approximately £8.8 billion. Including fixed income allocations, the total mandate value rises to approximately £11 billion.
This service complements LGPSC’s existing stewardship activities, where the team already votes on behalf of £13.7 billion of assets across 3,100 companies.
The new stewardship service is designed to further ease the governance burden on partner funds. Uniquely it will mean that all shares under pool management are voted in the same way. It will therefore ensure that all stewardship activities are aligned to LGPSC’s Stewardship Strategy, which was developed with and approved by its partner funds. Progress will be reported at regular Responsible Investment Working Group (RIWG) meetings, directly to partner funds’ pension committees, and through regular stewardship reports.
The service provides coverage of the FTSE All World Developed Index and significant exposure to the MSCI ACWI IMI Index.
This launch marks another important milestone in LGPSC’s commitment to best-practice stewardship. It follows the pool’s strong track record, recognised by high PRI scores and its longstanding signatory status to the UK Stewardship Code.
LGPS Central Limited remains firmly committed to supporting Partner Funds in fulfilling their fiduciary duties and delivering sustainable investment outcomes for the benefit of their members and wider society.
