Who we are

Northern LGPS was formed (initially as 'Northern Pool'), after the Government published its investment reform criteria and guidance to reduce LGPS investment management costs and encourage infrastructure investment to help drive growth in the UK economy.
The guidance required LGPS funds to pool their assets in order to improve net investment returns over the long-term in the following four areas:
  • Scale - pools should be in excess of £25bn
  • Reduced costs and excellent value for money
  • Strong governance and decision-making
  • Improved capacity to invest in infrastructure
Since then, Greater Manchester Pension Fund (GMPF), Merseyside Pension Fund (MPF) and West Yorkshire Pension Fund (WYPF) have developed clear and comprehensive pooling proposals to meet the above criteria.
These include:
  • a £1.8 billion infrastructure pot, via the GLIL joint venture platform
  • a 10% commitment to infrastructure investment
  • estimated annual cost savings substantially higher than the £28 million originally estimated - representing an ongoing saving in excess  of 25%
  • clear recognition as the lowest cost pool in the LGPS on a like-for-like basis
  • simple democratic governance arrangements, which deliver the Government’s aims of accountability for the tax payer.