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Brunel LGPS pool receives FCA approval

LGPS pool Brunel Pension Partnership has received its authorisation from the Financial Conduct Authority to operate as a financial services firm. Brunel will be a full scope MiFID investment firm, which means Brunel will be able to provide advisory and discretionary investment management services to its ten clients. Dawn Turner, chief executive officer of Brunel, said: “This is an important milestone for us and means we are on schedule to deliver the benefits of LGPS investment pooling for our clients.”

The local government financial crisis has not been caused by a lack of funding: that’s just a symptom of the inherent conflict of having independent local authorities within a highly centralised state, argues Conrad Hall.

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