BUSINESS

Active fund management 'expensive folly'

Active fund management of the local government pension scheme’s (LGPS) assets has been an ‘expensive folly,’ a new report has claimed.

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By Dan Peters | 02 February 2017

Active fund management of the local government pension scheme's (LGPS) assets has been an ‘expensive folly,' a new report has claimed.

The report published yesterday by the Centre for Policy Studies think-tank found an ‘extraordinary range' in total annual costs per member across funds, with Enfield's £592 being 21 times larger than West Yorkshire's £28.

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Dan Peters

Popular articles by Dan Peters

  1. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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