Cheshire Pension Fund is set to move £600m into the LGPS Central pension pool
The transfer will be from the current Equity Portfolio to two new investment products.
This follows the now-completed transfer of £250m to LGPS Central’s Global Active Equity Fund – which achieved transition costs incurred coming in just below the original estimate.
An initial further transfer of £125m had been proposed but this was increased to £600m because the cost-savings were deemed too small.
