Local Pensions Partnership (LPP) is a pensions services provider for LGPS and other public sector pension funds. We aim to help clients reduce pension deficits, improve investment returns and provide an excellent service to their members via our two core business lines:
- Investment management
- Pensions administration
LPP was formed in 2016 through a collaboration between Lancashire County Council and the London Pensions Fund Authority (our founding shareholders).
In addition to managing pension assets for our investment clients, LPP provides pensions administration services to more than 600,000 members on behalf of 17 LGPS, Police and Firefighters pension schemes.
LPP's Investment Management services are provided by Local Pensions Partnership Investments Ltd (LPPI).
LPPI is authorised and regulated by the Financial Conduct Authority and is a fully-owned subsidiary of Local Pensions Partnership Ltd (LPP) (together the “LPP Group”). LPPI is currently managing investments for Lancashire County Pension Fund, London Pensions Fund Authority and Royal County of Berkshire Pension Fund.
LPPI is additionally the Alternative Investment Fund Manager (AIFM) for GLIL which is an infrastructure fund structured as an unauthorised Alternative Investment Fund (AIF). GLIL is an innovative collaboration between aligned and like-minded investors who are seeking investment into core infrastructure opportunities predominately in the United Kingdom.
GLIL has an open-ended fund structure that allows for the admission of new members. Currently GLIL is investing on behalf of five Local Government Pension Scheme (LGPS) funds:
- Greater Manchester Pension Fund
- London Pensions Fund Authority
- Lancashire County Pension Fund
- Merseyside Pension Fund
- West Yorkshire Pension Fund