Access LGPS launches four new sub funds for £3.2 billion of assets

Access has launched four new sub-funds, adding £3.2 billion to the Local Government Pension Scheme (LGPS) pool.

Link Fund Solutions (LFS) launched the funds on behalf of Access. The transfer of assets to the four externally managed sub-funds brings Access’s total pooled assets under management to £33.1 billion. This includes £22.2 billion managed actively within the LFS Authorised Contractual Scheme (ACS) and a further £10.9 billion in passive funds.

The sub-funds – launched in July, October and December 2021, and February 2022 – are: LF ACCESS UK Select Fund managed by BlackRock; LF ACCESS Alpha Opportunities Fund managed by M&G; LF ACCESS Sterling Investment Grade Credit Fund managed by Fidelity; and LF Global Equity Fund – Macquarie, managed by Macquarie.

Commenting on the launch, Cllr Kemp-Gee, chairman of the Access joint committee, said: “The addition of these sub-funds enriches the existing range of mandates available to local authorities, demonstrating the strong relationship Access has with Link Fund Solutions (LFS) and our commitment to providing valuable options to councils as they strive to deliver on their members’ needs.”