Hertfordshire pension funds to save £1.6m through outsourcing

PensionersTwo Hertfordshire County Council pension schemes will be saving £1.6m over the next eight years after appointing the London Pension Fund Authority (LPFA) to run their administration and pensions payroll contract. The contract covers the Local Government Pension Scheme and the Hertfordshire Fire-fighters’ Pension Schemes. It’s an indication that pension funds are increasingly recognising the value of outsourcing. The LPFA said it identified key challenges facing the pensions administration market and put together a solution that delivers real efficiencies combined with effective service levels. This contract win takes the total number of members under LPFA’s third party administration to 180,000 and marks a new direction for the organisation, which previously solely concentrated on the London market. LPFA chief executive, Mike Taylor, said: “The success in winning this contracts indicates that boroughs and county councils are looking for pensions specialists when they consider outsourcing.” ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.