Local Government Pension Schemes
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Why BlackRock for LGPS?
Our LGPS clients are a priority group for BlackRock, having managed their assets for almost 50 years. Today, BlackRock manages over £24 billion of assets for 55 schemes and 7 pools.1 We strive to provide the highest level of service and have built a 6-person dedicated team to maintain/service relationships at the Pools and the Schemes.
Our LGPS clients have allocated their assets across BlackRock’s passive, active and alternative investment platforms in addition to leveraging our transition capabilities as they transfer their assets to their Pools. We aim to work closely with the client to ensure that they achieve their respective investment objectives through our products and solutions as well as fulfilling their operational requirements. For this, transparency and communication with the client within an agreed process-driven framework is paramount to its success.
We recognise the increasing demand for reporting, disclosure and transparency and work with our clients to ensure these are delivered in an efficient manner.
Commitment to education and training
We hold a variety of dedicated local authority events throughout the year, where we seek to share our insights to broaden our clients’ knowledge. These include conferences, smaller training sessions and online training. We also provide free training to Investment Panel members on a wide variety of topics to educate and inform our clients on key investment issues facing local authority pension funds.
Source: BlackRock as of 31 December 2023.
Matt: I have a growing family and I understand how hard it can be with the rising gas and electric prices across the UK. One great thing about this technology is that it helps people keep an eye on their energy use and in turn, save money.
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Matt: I'm Matt Caunce. I live in Wigan in England and I'm a smart meter engineer for Calisen.
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Matt: My job is to switch out old gas and electric meters and swap them for new gas and electric smart meters and make sure they're working safely.
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Matt: With your old traditional meters, typically, you'd have to go and give the reading yourself or someone would come and read the meters for you, which isn't always possible. If they can't get a meter reading, you end up with an estimated bill.
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Matt: So the smart meters essentially just read themselves every half an hour and then relay that data at the end of every day back to the supplier.
Matt: I think the work that I do is imperative in showing the younger generation there are ways that we can get to net-zero and use less energy.
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Matt: It takes a lot of people to roll out a greener energy infrastructure in the UK.
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Matt: And I'm proud to be one of them.
Watch: A day in the life of a Calisen smart meter engineer
"It takes a lot of people to roll out a greener energy infrastructure in the UK. And I’m proud to be one of them." Meet Matt- a Calisen smart meter engineer. We’re visiting companies we invest in on behalf of our clients, to see how they are developing innovative solutions that could transform their industries.
Learn more about LGPS at BlackRock
The full range of our asset capabilities is reflected in our solutions - The LGPS’ requirements from their managers will continue to evolve thus BlackRock continually engages with the Pools and Schemes to assist them in future proofing their investment strategies and allocations.
Sustainability
As a fiduciary to our clients, we know how important Investment Stewardship and Sustainable Investing is for the LGPS community. BlackRock have the largest stewardship team in the asset management industry with unique expertise to engage with companies on governance and business models long-term financial sustainability.
In addition, BlackRock's Sustainable Investing platform team was launched in 2015 to unify BlackRock’s approach to sustainable investing and serve investors who seek solutions that deliver targeted sustainability outcomes. Since then, the team has built out a global suite of sustainable investment strategies, ranging across asset classes, vehicles, and investment styles. We work closely with both teams to align with the LGPS’ investment and sustainability strategies.
Find out more here - What is sustainable investing? - Themes | BlackRock
Alternatives
With a challenging economic outlook, investors need to understand the drivers of portfolio returns and apply the right blend across index and alpha strategies to build resilient portfolios.
As a core strategic building block, alternatives bring diversification and long-term risk adjusted returns to the well-balanced portfolio of the future.
Find out more here - A Guide to Alternative Investing | BlackRock
Index
At BlackRock, our approach to index investing is anything but passive. We understand that investors today demand more efficient returns and innovative ways to use index strategies.
Find out more here - https://www.blackrock.com/uk/professionals/solutions/index-investing
To learn more about our LGPS offering, please contact our dedicated relationship team below.
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