The Local Government Pension Scheme (LGPS) ACCESS pool has appointed Link Fund Solutions Ltd to establish and operate its authorised contractual scheme (ACS). The appointment is the culmination of a procurement process co-ordinated by Kent County Council. Link will be responsible for the creation of investment sub-funds, and the appointment of investment managers to those sub-funds. The ACCESS pool had combined assets in the region of £41bn and is made up of eleven LGPS county administering authorities.
The contract runs for five years with an option to extend for a further two years and is the second LGPS pooling contract the Australian-owned firm has won, having also been appointed by the Wales pool to set up its ACS. Councillor Andrew Reid, Chairman of the ACCESS joint committee said: “The operator is fundamental to the approach ACCESS has adopted, and I am delighted that with the completion of this essential procurement we now have the key cornerstone in place.
“We look forward to working with our new partners in Link Fund Solutions Ltd in building on our initial success and meeting the future requirements of the ACCESS funds”.
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