'Low pace' of London pension pooling could increase fees

By Dan Peters | 12 February 2020

London’s boroughs could have to pay an extra £20,000 fees for a collective investment vehicle (CIV) to make up for the ‘low pace’ of pooling.

The London Pensions CIV was established five years ago to pool local government pension scheme assets but only half the amount available has been put into the pot, with some members said to be ‘more cautious about pooling’.

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