The Greater Manchester Pension Fund (GMPF) has a long history of innovation but in a shifting political and investment climate, the fund is once more undergoing some significant changes.

Yields from traditional sources, such as corporate bonds and gilts, have weakened – a relic of the financial crash. And so Cllr Kieran Quinn, leader of Tameside BC and chair of GMPF, says pension funds are searching for alternative ways to invest at a time when it is difficult to get value for investments.