LGPS Central meets Fit for the Future implementation date
Author: LAPF Investments | Published: April 1, 2026
LGPS Central has confirmed it’s successfully met the government’s Fit for the Future implementation of April 1st, in line with the transition plan it set out last year.
It’s a significant step for the pool’s evolution, with it now representing approximately £100bn of collective assets on behalf of 14 partner funds, more than 6,000 employers and 1.7 million scheme members.
To achieve this, LGPS Central has onboarded six new partner funds from both Brunel and ACCESS. It has also completed a full governance review, embedded its target operating model, and updated its legal framework to reflect Fit for the Future – including the transition of all partner funds to fiduciary management agreements.
It has also established advisory and portfolio management functions, bringing together experienced professionals from across the investment and consulting sectors and procured a best-in-class asset and liability modelling solution.
Additionally, the pool has said it is continuing to work closely with the Isle of Wight Pension Fund as it progresses towards participation into the pool.
LGPS Central’s chief executive Richard Law-Deeks said: “Today marks a significant milestone for LGPS Central as a pool and company as well as the Local Government Pension Scheme more broadly.
“We have successfully delivered the launch of Fit for the Future, including bringing new Partner Funds into the pool and establishing our enhanced investment and advisory capabilities from day one.
“This has been a huge collective effort across our Partner Funds and the Company, demonstrating what can be achieved when we work together at scale.
“I would particularly like to thank the officers and the Partner Fund Support Office, who have worked tirelessly and collaboratively to support one another, and in particular to support funds transitioning from pools that are winding up at pace and under significant pressure.
“As we move forward as a purpose-driven, LGPS-owned fiduciary manager with £100bn of assets under stewardship our focus is clear: To bring Partner Funds together to invest collectively for stakeholders, combining scale, expertise and strong governance to deliver long-term value beyond what partner funds could achieve individually.”
The pool’s chair Nemone Wynn-Evans added: “Strong governance has been fundamental to the success of this transition. Throughout this process, we have maintained a clear focus on robust decision-making, transparency and accountability.”
