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LGPS Central ‘ready for Brexit’

Pension pool LGPS Central will not will not be seriously impacted by Brexit, the fund has said.

Its annual report confirmed that because it is not exposed to cross-border transactions and only has UK customers, it will does not expect an impact on performance.

The report also revealed its first year of operation finished with a net profit before tax of £378,000 with an income from partner funds of £9.9m.

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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